Coles Group Limited (OTCMKTS:CLEGF) Sees Large Decline in Short Interest

Coles Group Limited (OTCMKTS:CLEGF) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 248,200 shares, a drop of 22.9% from the June 30th total of 321,900 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 68.9 days.

Coles Group Stock Performance

Coles Group stock remained flat at $11.70 during mid-day trading on Tuesday. Coles Group has a fifty-two week low of $8.90 and a fifty-two week high of $11.70. The firm has a 50 day simple moving average of $8.83 and a two-hundred day simple moving average of $8.31.

About Coles Group

Coles Group Limited operates as a retailer in Australia. It operates through Supermarkets and Liquor segments. The company operates various supermarkets; and coles.com.au, which offers a choice of home delivery, including same-day, overnight drop and go services, and pick up from click and collect locations.