Coles Group Limited (OTCMKTS:CLEGF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 100,300 shares, a drop of 39.2% from the December 15th total of 165,100 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Separately, Credit Suisse Group upgraded shares of Coles Group from a “neutral” rating to an “outperform” rating in a research note on Monday, October 5th.
Shares of OTCMKTS CLEGF traded up $0.50 during mid-day trading on Thursday, reaching $14.40. The stock’s 50 day moving average price is $13.15 and its 200 day moving average price is $12.68. Coles Group has a 1 year low of $9.63 and a 1 year high of $14.40.
Coles Group Limited operates as a retailer in Australia. The company operates through Supermarkets, Liquor, and Express segments. It provides fresh food, groceries, and general merchandise through 824 supermarkets, including coles online and coles financial services. The company operates coles.com.au, which offers a choice of home delivery; and provides insurance, credit cards, and personal loans to Australian families.
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