Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Update

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,382 shares, a decline of 86.5% from the July 15th total of 76,914 shares. Based on an average daily volume of 92,207 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

WFAFY has been the topic of several analyst reports. Jefferies Financial Group cut shares of Wesfarmers to an “underperform” rating and set a $73.00 price target on the stock. in a research note on Monday, July 27th. The Goldman Sachs Group lowered shares of Wesfarmers from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada began coverage on shares of Wesfarmers in a research note on Thursday, July 30th. They set an “underperform” rating and a $73.00 price objective on the stock. Three investment analysts have rated the stock with a Sell rating, According to MarketBeat, Wesfarmers currently has an average rating of “Strong Sell” and an average target price of $73.00.

Wesfarmers Stock Down 1.6%

Shares of OTCMKTS:WFAFY opened at $31.04 on Friday. The business has a fifty day simple moving average of $30.85 and a 200-day simple moving average of $28.62. Wesfarmers has a 52 week low of $24.50 and a 52 week high of $33.31.

Wesfarmers Company Profile

Wesfarmers Limited is one of Australia’s largest diversified corporations, headquartered in Perth, Western Australia. Established in 1914 as a farmers’ cooperative, the company has evolved into a broad-based conglomerate with operations spanning retail, industrials, chemicals, energy and resources. Wesfarmers is listed on the Australian Securities Exchange and trades in the United States over-the-counter under the symbol WFAFY.

In the retail sector, Wesfarmers owns and operates a number of high-profile brands, including Bunnings Warehouse, Kmart, Target and Officeworks.