Short Interest in Wesfarmers Limited (OTCMKTS:WFAFY) Grows By 314.3%

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

Wesfarmers Price Performance

Shares of OTCMKTS:WFAFY traded down $0.20 during midday trading on Tuesday, reaching $21.88. 32,811 shares of the company’s stock were exchanged, compared to its average volume of 22,759. The company’s 50 day simple moving average is $22.75 and its two-hundred day simple moving average is $23.25. Wesfarmers has a 12 month low of $18.30 and a 12 month high of $27.17.

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.