Wesfarmers Limited (OTCMKTS:WFAFY) Sees Significant Growth in Short Interest

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 8,700 shares, an increase of 314.3% from the December 31st total of 2,100 shares. Based on an average daily trading volume, of 42,800 shares, the short-interest ratio is currently 0.2 days.

Wesfarmers Stock Performance

WFAFY stock traded down $0.16 during mid-day trading on Tuesday, hitting $23.30. The company had a trading volume of 184,891 shares, compared to its average volume of 42,749. Wesfarmers has a 12 month low of $18.30 and a 12 month high of $27.17. The stock’s fifty day moving average price is $22.77 and its two-hundred day moving average price is $23.28.

About Wesfarmers

Wesfarmers Limited engages in the retail business in Australia, New Zealand, and internationally. The company is involved in the retail sale of building materials, home and garden improvement, lifestyle, and outdoor living products; apparel and general merchandise, including toys, leisure, entertainment, home, and consumables; and office products and solutions, such as stationery, technology, furniture, art supplies, and learning and development resources, as well as print and create, and technical support services through its Officeworks stores.