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

Wesfarmers Limited (OTCMKTS:WFAFY) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 8,700 shares, an increase of 314.3% from the December 31st total of 2,100 shares. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is presently 0.2 days.

Wesfarmers Trading Down 0.7 %

OTCMKTS WFAFY traded down $0.16 on Tuesday, reaching $23.30. 184,891 shares of the stock traded hands, compared to its average volume of 42,749. Wesfarmers has a 12 month low of $18.30 and a 12 month high of $27.17. The company has a fifty day moving average price of $22.77 and a 200-day moving average price of $23.28.

About Wesfarmers

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.