Wesfarmers Limited (OTCMKTS:WFAFY – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 176,221 shares, a growth of 111.2% from the May 14th total of 83,432 shares. Based on an average trading volume of 250,364 shares, the days-to-cover ratio is currently 0.7 days.
Wesfarmers Stock Performance
Shares of Wesfarmers stock opened at $30.59 on Monday. The business has a 50-day moving average of $26.86 and a 200 day moving average of $27.38. Wesfarmers has a 12 month low of $24.50 and a 12 month high of $33.31.
About Wesfarmers
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.
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