Woolworths Group Limited (OTCMKTS:WOLWF) Short Interest Down 66.9% in August

Woolworths Group Limited (OTCMKTS:WOLWF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 308,451 shares, a drop of 66.9% from the August 15th total of 931,341 shares. Based on an average daily volume of 207 shares, the short-interest ratio is currently 1,490.1 days.

Woolworths Group Stock Performance

Shares of OTCMKTS:WOLWF opened at $29.96 on Friday. Woolworths Group has a 12-month low of $16.00 and a 12-month high of $30.82. The business has a 50 day moving average of $29.66 and a 200-day moving average of $26.68.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WOLWF. Citigroup cut Woolworths Group to a “sell” rating in a report on Wednesday, July 15th. The Goldman Sachs Group cut Woolworths Group from a “buy” rating to a “neutral” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $37.00.

About Woolworths Group

Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.

In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.