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

Wesfarmers Limited (OTCMKTS:WFAFYGet Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 16,764 shares, an increase of 313.6% from the August 15th total of 4,053 shares. Based on an average daily trading volume, of 127,262 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WFAFY shares. Jefferies Financial Group downgraded shares of Wesfarmers to an “underperform” rating and set a $73.00 price target on the stock. in a research note on Monday, July 27th. The Goldman Sachs Group downgraded Wesfarmers from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada assumed coverage on Wesfarmers in a research note on Thursday, July 30th. They set an “underperform” rating and a $73.00 price target for the company. Three research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus target price of $73.00.

View Our Latest Analysis on Wesfarmers

Wesfarmers Trading Down 0.0%

OTCMKTS:WFAFY traded down $0.01 during trading hours on Friday, reaching $26.08. The company’s stock had a trading volume of 178,398 shares, compared to its average volume of 97,550. Wesfarmers has a one year low of $24.50 and a one year high of $33.31. The business’s 50-day moving average is $30.31 and its 200-day moving average is $28.40.

Wesfarmers Company Profile

(Get Free Report)

Wesfarmers Limited is one of Australia’s largest diversified corporations, headquartered in Perth, Western Australia. Established in 1914 as a farmers’ cooperative, the company has evolved into a broad-based conglomerate with operations spanning retail, industrials, chemicals, energy and resources. Wesfarmers is listed on the Australian Securities Exchange and trades in the United States over-the-counter under the symbol WFAFY.

In the retail sector, Wesfarmers owns and operates a number of high-profile brands, including Bunnings Warehouse, Kmart, Target and Officeworks.

See Also

Receive News & Ratings for Wesfarmers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wesfarmers and related companies with MarketBeat.com's FREE daily email newsletter.