Short Interest in Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF) Decreases By 73.2%

Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,027,373 shares, a drop of 73.2% from the April 15th total of 7,560,372 shares. Based on an average daily trading volume, of 54 shares, the days-to-cover ratio is currently 37,543.9 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded Wharf Real Estate Investment to a “cautious” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wharf Real Estate Investment has an average rating of “Sell”.

Wharf Real Estate Investment Price Performance

WRFRF opened at $3.41 on Wednesday. Wharf Real Estate Investment has a one year low of $2.32 and a one year high of $3.67. The stock’s 50 day moving average price is $3.22 and its 200-day moving average price is $3.20.

About Wharf Real Estate Investment

Wharf Real Estate Investment Company Limited is a Hong Kong–based real estate investment firm spun off from The Wharf (Holdings) in July 2017. The company focuses on owning, managing and leasing a portfolio of prime commercial properties. It trades on the OTC market under the symbol WRFRF and is listed on the Hong Kong Stock Exchange.

The company’s portfolio features flagship assets in key Hong Kong districts, including Harbour City in Tsim Sha Tsui, Times Square in Causeway Bay, as well as the office towers at Wheelock House and Crawford House.