Wesfarmers Limited (OTCMKTS:WFAFY) Sees Significant Drop in Short Interest

Wesfarmers Limited (OTCMKTS:WFAFYGet Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 6,100 shares, a drop of 22.8% from the April 30th total of 7,900 shares. Based on an average daily trading volume, of 39,300 shares, the days-to-cover ratio is currently 0.2 days.

Wesfarmers Stock Performance

WFAFY stock opened at $21.32 on Friday. Wesfarmers has a 52 week low of $15.14 and a 52 week high of $23.82. The company’s 50-day simple moving average is $21.90 and its 200 day simple moving average is $20.20.

Wesfarmers Company Profile

(Get Free Report)

Wesfarmers Limited engages in the retail business in Australia, New Zealand, and internationally. The company is involved in the retail sale of building materials, home and garden improvement, lifestyle, and outdoor living products; apparel and general merchandise, including toys, leisure, entertainment, home, and consumables; and office products and solutions, such as stationery, technology, furniture, art supplies, and learning and development resources, as well as print and create, and technical support services through its Officeworks stores.

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