Wesfarmers Limited (OTCMKTS:WFAFY) Sees Large Growth in Short Interest

Wesfarmers Limited (OTCMKTS:WFAFY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 8,700 shares, a growth of 314.3% from the December 31st total of 2,100 shares. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is presently 0.2 days.

Wesfarmers Stock Performance

WFAFY stock traded up $0.41 during mid-day trading on Wednesday, reaching $23.71. The company had a trading volume of 41,764 shares, compared to its average volume of 42,686. The stock’s 50-day simple moving average is $22.78 and its two-hundred day simple moving average is $23.28. Wesfarmers has a one year low of $18.30 and a one year high of $27.17.

Wesfarmers Company Profile

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.