Wesfarmers Limited (OTCMKTS:WFAFY) Sees Significant Drop in Short Interest
by Danessa Lincoln · The Markets DailyWesfarmers Limited (OTCMKTS:WFAFY – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 13,980 shares, a decline of 92.1% from the May 31st total of 176,221 shares. Based on an average daily volume of 291,452 shares, the short-interest ratio is presently 0.0 days.
Wesfarmers Stock Up 2.4%
Wesfarmers stock traded up $0.73 during midday trading on Thursday, reaching $30.78. The stock had a trading volume of 66,566 shares, compared to its average volume of 110,593. The firm’s fifty day simple moving average is $27.45 and its 200-day simple moving average is $27.57. Wesfarmers has a 1-year low of $24.50 and a 1-year high of $33.31.
Wesfarmers Company Profile
Wesfarmers Limited is one of Australia’s largest diversified corporations, headquartered in Perth, Western Australia. Established in 1914 as a farmers’ cooperative, the company has evolved into a broad-based conglomerate with operations spanning retail, industrials, chemicals, energy and resources. Wesfarmers is listed on the Australian Securities Exchange and trades in the United States over-the-counter under the symbol WFAFY.
In the retail sector, Wesfarmers owns and operates a number of high-profile brands, including Bunnings Warehouse, Kmart, Target and Officeworks.