The Wharf (Holdings) Limited (OTCMKTS:WARFY) Sees Large Decline in Short Interest

The Wharf (Holdings) Limited (OTCMKTS:WARFY) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 62 shares, a decrease of 78.9% from the June 15th total of 294 shares. Based on an average daily trading volume, of 3,038 shares, the short-interest ratio is presently 0.0 days.

Wharf Stock Up 9.1%

Shares of OTCMKTS:WARFY traded up $0.39 during mid-day trading on Friday, reaching $4.69. 813 shares of the stock were exchanged, compared to its average volume of 1,813. The stock’s 50 day simple moving average is $5.60 and its 200-day simple moving average is $5.85. Wharf has a one year low of $4.24 and a one year high of $7.53.

About Wharf

Founded in 1886 and headquartered in Hong Kong, Wharf (OTCMKTS: WARFY) is a diversified conglomerate with core operations in property development and information communications. The company’s property division develops, leases and manages landmark commercial and retail complexes, including Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay. Through these flagship assets and other holdings across Mainland China, Wharf aims to generate stable rental income and long-term capital appreciation.

Wharf’s communications arm comprises i-Cable Communications, which offers broadband, pay-TV and mobile services, and Wharf New T&T, a provider of data, internet and carrier solutions for enterprise and consumer markets.