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

Wesfarmers Limited (OTCMKTS:WFAFYGet Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,980 shares, a decrease of 92.1% from the May 31st total of 176,221 shares. Based on an average daily volume of 291,452 shares, the short-interest ratio is currently 0.0 days.

Wesfarmers Trading Up 1.8%

Wesfarmers stock opened at $31.34 on Friday. Wesfarmers has a 12-month low of $24.50 and a 12-month high of $33.31. The business’s 50-day moving average price is $27.62 and its two-hundred day moving average price is $27.62.

About Wesfarmers

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Wesfarmers Limited is one of Australia’s largest diversified corporations, headquartered in Perth, Western Australia. Established in 1914 as a farmers’ cooperative, the company has evolved into a broad-based conglomerate with operations spanning retail, industrials, chemicals, energy and resources. Wesfarmers is listed on the Australian Securities Exchange and trades in the United States over-the-counter under the symbol WFAFY.

In the retail sector, Wesfarmers owns and operates a number of high-profile brands, including Bunnings Warehouse, Kmart, Target and Officeworks.

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