ARCH COAL INCORPORATED (OTCMKTS:ACIIQ) Sellers Covered 32.5% of Their Shorts

The stock of ARCH COAL INCORPORATED (OTCMKTS:ACIIQ) registered a decrease of 32.5% in short interest. ACIIQ’s total short interest was 2.59M shares in February as published by FINRA. Its down 32.5% from 3.83 million shares, reported previously. With 265,200 shares average volume, it will take short sellers 10 days to cover their ACIIQ’s short positions. The stock increased 12.50% or $0.05 on February 26, hitting $0.45. About 143,592 shares traded hands. Arch Coal Inc (OTCMKTS:ACIIQ) has declined 80.43% since July 23, 2015 and is downtrending. It has underperformed by 73.10% the S&P500.

Arch Coal, Inc. is a coal producer, which sells all of its coal to power plants, steel mills and industrial facilities. The company has a market cap of $9.58 million. The Firm is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. It currently has negative earnings. It operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

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