Short Interest in Wesfarmers Limited (OTCMKTS:WFAFY) Decreases By 71.3%

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,500 shares, a drop of 71.3% from the December 31st total of 8,700 shares. Based on an average daily volume of 59,300 shares, the days-to-cover ratio is currently 0.0 days.

Wesfarmers Stock Performance

Shares of Wesfarmers stock opened at $23.56 on Friday. Wesfarmers has a 12-month low of $18.30 and a 12-month high of $27.17. The firm’s 50 day simple moving average is $22.85 and its two-hundred day simple moving average is $23.30.

Wesfarmers Company Profile

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.