Wesfarmers Limited (OTCMKTS:WFAFY) Sees Large Increase in Short Interest

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,400 shares, an increase of 242.9% from the November 15th total of 700 shares. Based on an average daily volume of 35,800 shares, the short-interest ratio is presently 0.1 days.

Wesfarmers Stock Performance

Shares of OTCMKTS WFAFY opened at $23.61 on Friday. Wesfarmers has a 1 year low of $17.60 and a 1 year high of $27.17. The company has a 50 day simple moving average of $23.01 and a 200-day simple moving average of $23.15.

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.