Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Update

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,590 shares, a decline of 84.6% from the August 31st total of 16,764 shares. Based on an average trading volume of 296,678 shares, the days-to-cover ratio is currently 0.0 days.

Wesfarmers Stock Up 0.3%

Shares of OTCMKTS:WFAFY opened at $25.82 on Friday. Wesfarmers has a one year low of $24.50 and a one year high of $33.31. The company has a 50-day simple moving average of $29.16 and a 200-day simple moving average of $28.25.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of Wesfarmers to an “underperform” rating and set a $73.00 price target for the company. in a research note on Monday, July 27th. Royal Bank Of Canada began coverage on shares of Wesfarmers in a research report on Thursday, July 30th. They set an “underperform” rating and a $73.00 price target on the stock. Finally, The Goldman Sachs Group lowered Wesfarmers from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Wesfarmers presently has a consensus rating of “Strong Sell” and a consensus target price of $73.00.

Wesfarmers Company Profile

Wesfarmers Limited is an Australian diversified company with operations spanning retail, industrials and health. Its portfolio includes Bunnings, a retailer of home improvement and outdoor living products; Kmart and Target, which sell apparel, homewares and general merchandise; and Officeworks, a supplier of office products, technology and related services.

Wesfarmers also operates businesses in health and industrial markets. Wesfarmers Health includes Priceline Pharmacy and related health, beauty and wellness operations, while Wesfarmers Chemicals, Energy & Fertilisers supplies chemicals, industrial gases, fertilizers and energy products.