New Hope Co. Limited (OTCMKTS:NHPEF) Short Interest Up 21.7% in September

New Hope Co. Limited (OTCMKTS:NHPEF) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 2,866,400 shares, an increase of 21.7% from the August 31st total of 2,355,600 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is presently 988.4 days.

New Hope Stock Up 2.7 %

Shares of NHPEF traded up $0.09 during mid-day trading on Friday, hitting $3.40. 4,980 shares of the company were exchanged, compared to its average volume of 2,541. New Hope has a 1-year low of $2.73 and a 1-year high of $4.20. The company has a 50 day moving average of $3.14 and a 200-day moving average of $3.14.

New Hope Company Profile

New Hope Corporation Limited explores for, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The company holds interests in two open cut coal mines that produces thermal coal, which include the New Acland project located in Oakey, Queensland; and the Bengalla mine situated in the Hunter Valley region of New South Wales.