Woolworths Group Limited (OTCMKTS:WOLWF) Sees Large Drop in Short Interest

Woolworths Group Limited (OTCMKTS:WOLWF) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 932,976 shares, a decrease of 43.3% from the July 15th total of 1,646,554 shares. Based on an average daily trading volume, of 418 shares, the days-to-cover ratio is presently 2,232.0 days.

Analysts Set New Price Targets

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

Woolworths Group Price Performance

Shares of OTCMKTS WOLWF opened at $30.16 on Monday. Woolworths Group has a 1 year low of $16.00 and a 1 year high of $30.82. The firm’s 50-day moving average is $28.68 and its 200-day moving average is $25.52.

Woolworths Group Company Profile

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.