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

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 24,200 shares, an increase of 120.0% from the May 31st total of 11,000 shares. Based on an average daily trading volume, of 58,500 shares, the short-interest ratio is currently 0.4 days.

Wesfarmers Trading Up 1.8 %

OTCMKTS WFAFY opened at $21.66 on Friday. Wesfarmers has a twelve month low of $15.32 and a twelve month high of $23.82. The firm has a 50-day simple moving average of $21.98 and a 200 day simple moving average of $20.85.

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.