Woolworths Group Limited (OTCMKTS:WOLWF) Short Interest Down 66.9% in August

Woolworths Group Limited (OTCMKTS:WOLWFGet Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 308,451 shares, a decline of 66.9% from the August 15th total of 931,341 shares. Based on an average trading volume of 207 shares, the short-interest ratio is presently 1,490.1 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WOLWF. The Goldman Sachs Group cut shares of Woolworths Group from a “buy” rating to a “neutral” rating in a research note on Monday, July 27th. Citigroup lowered shares of Woolworths Group to a “sell” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $37.00.

View Our Latest Analysis on WOLWF

Woolworths Group Price Performance

OTCMKTS WOLWF opened at $29.96 on Friday. Woolworths Group has a 12 month low of $16.00 and a 12 month high of $30.82. The stock has a 50 day moving average of $29.66 and a 200-day moving average of $26.68.

Woolworths Group Company Profile

(Get Free Report)

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.

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