New Hope Co. Limited (OTCMKTS:NHPEF) Short Interest Down 23.4% in February

New Hope Co. Limited (OTCMKTS:NHPEF) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,804,400 shares, a drop of 23.4% from the February 13th total of 7,578,300 shares. Based on an average trading volume of 4,400 shares, the short-interest ratio is presently 1,319.2 days.

New Hope Stock Performance

Shares of NHPEF stock remained flat at $2.25 during trading hours on Monday. New Hope has a 52-week low of $2.25 and a 52-week high of $3.65. The business has a 50 day simple moving average of $2.79 and a 200-day simple moving average of $3.04.

About New Hope

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.