Exxaro Resources Limited (OTCMKTS:EXXAF) Sees Large Decrease in Short Interest

Exxaro Resources Limited (OTCMKTS:EXXAF) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,500 shares, a decline of 28.6% from the February 13th total of 2,100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 15.0 days.

Exxaro Resources Stock Performance

Shares of OTCMKTS EXXAF remained flat at $8.38 during midday trading on Friday. Exxaro Resources has a 12 month low of $8.38 and a 12 month high of $10.50. The stock’s 50-day moving average price is $9.12 and its two-hundred day moving average price is $9.47.

About Exxaro Resources

Exxaro Resources Limited engages in coal, iron ore investment, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Australia, and Asia. The company produces thermal coal, metallurgical coal, and semi-soft coking coal products primarily in the Waterberg and Mpumalanga regions; offers gas-atomised ferrosilicon for use in separation plants, as well as iron ore; and operates two wind farms.