Wesfarmers Limited (OTCMKTS:WFAFY – Get 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%
Wesfarmers Company Profile
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.
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