Short Interest in Wesfarmers Limited (OTCMKTS:WFAFY) Declines By 92.1%

Wesfarmers Limited (OTCMKTS:WFAFY) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 13,980 shares, a drop of 92.1% from the May 31st total of 176,221 shares. Based on an average trading volume of 291,452 shares, the short-interest ratio is currently 0.0 days.

Wesfarmers Trading Up 2.4%

Wesfarmers stock opened at $30.78 on Friday. The business’s 50-day simple moving average is $27.53 and its two-hundred day simple moving average is $27.59. Wesfarmers has a fifty-two week low of $24.50 and a fifty-two week high of $33.31.

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.