Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Up 567.5% in June

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 93,313 shares, a growth of 567.5% from the June 15th total of 13,980 shares. Based on an average trading volume of 182,716 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Wesfarmers from a “neutral” rating to a “sell” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Wesfarmers Stock Performance

Wesfarmers stock opened at $31.15 on Monday. The company has a 50-day moving average price of $28.55 and a 200 day moving average price of $27.91. Wesfarmers has a 12-month low of $24.50 and a 12-month 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.