Wesfarmers Limited (OTCMKTS:WFAFY) Stock Short Interest Report for September

Wesfarmers Limited (OTCMKTS:WFAFY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 54,592 shares, a growth of 2,007.8% from the September 15th total of 2,590 shares. Based on an average daily volume of 373,204 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WFAFY shares. The Goldman Sachs Group downgraded Wesfarmers from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 1st. Jefferies Financial Group downgraded Wesfarmers to an “underperform” rating and set a $73.00 target price on the stock. in a report on Monday, July 27th. Finally, Royal Bank Of Canada initiated coverage on Wesfarmers in a research report on Thursday, July 30th. They set an “underperform” rating and a $73.00 price target on the stock. Three analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, Wesfarmers has a consensus rating of “Strong Sell” and a consensus price target of $73.00.

Wesfarmers Stock Up 2.1%

Shares of WFAFY stock traded up $0.55 during mid-day trading on Friday, reaching $27.00. 102,956 shares of the company were exchanged, compared to its average volume of 105,118. The business’s 50 day simple moving average is $28.25 and its 200 day simple moving average is $28.25. 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 an Australian diversified company with operations spanning retail, industrials and health. Its portfolio includes Bunnings, a retailer of home improvement and outdoor living products; Kmart and Target, which sell apparel, homewares and general merchandise; and Officeworks, a supplier of office products, technology and related services.

Wesfarmers also operates businesses in health and industrial markets. Wesfarmers Health includes Priceline Pharmacy and related health, beauty and wellness operations, while Wesfarmers Chemicals, Energy & Fertilisers supplies chemicals, industrial gases, fertilizers and energy products.