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

Wesfarmers Limited (OTCMKTS:WFAFY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 8,700 shares, a growth 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 presently 0.2 days.

Wesfarmers Price Performance

Shares of WFAFY opened at $21.77 on Wednesday. Wesfarmers has a twelve month low of $18.30 and a twelve month high of $27.17. The firm has a fifty day simple moving average of $22.74 and a two-hundred day simple moving average of $23.25.

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.