Woolworths Group Limited (OTCMKTS:WOLWF) Short Interest Update

Woolworths Group Limited (OTCMKTS:WOLWF) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 308,451 shares, a drop of 66.9% from the August 15th total of 931,341 shares. Based on an average daily trading volume, of 207 shares, the short-interest ratio is presently 1,490.1 days.

Woolworths Group Price Performance

WOLWF remained flat at $29.96 on Friday. Woolworths Group has a fifty-two week low of $16.00 and a fifty-two week high of $30.82. The stock has a 50 day moving average price of $29.66 and a 200 day moving average price of $26.68.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WOLWF shares. The Goldman Sachs Group cut shares of Woolworths Group from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. Citigroup lowered Woolworths Group to a “sell” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Woolworths Group currently has an average rating of “Reduce” and a consensus price target of $37.00.

Woolworths Group Company Profile

Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.

In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.