Woolworths Group Limited (OTCMKTS:WOLWF) Sees Large Drop in Short Interest

Woolworths Group Limited (OTCMKTS:WOLWF) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 932,976 shares, a decline of 43.3% from the July 15th total of 1,646,554 shares. Based on an average trading volume of 418 shares, the short-interest ratio is presently 2,232.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WOLWF shares. The Goldman Sachs Group lowered Woolworths Group from a “buy” rating to a “neutral” rating in a research report on Monday, July 27th. Citigroup downgraded Woolworths Group to a “sell” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $37.00.

Woolworths Group Price Performance

Shares of OTCMKTS:WOLWF opened at $30.16 on Monday. Woolworths Group has a 12 month low of $16.00 and a 12 month high of $30.82. The company’s 50-day moving average price is $28.68 and its two-hundred day moving average price is $25.52.

About Woolworths Group

Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.

In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.