Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY) Sees Significant Increase in Short Interest

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 4,015 shares, a growth of 1,067.2% from the October 15th total of 344 shares. Based on an average daily volume of 2,011 shares, the short-interest ratio is presently 2.0 days. Approximately 0.0% of the shares of the stock are sold short.

Woolworths Price Performance

Shares of OTCMKTS:WLWHY remained flat at $2.65 during trading on Wednesday. The stock had a trading volume of 1,896 shares, compared to its average volume of 1,224. The company has a 50-day moving average price of $2.54 and a 200-day moving average price of $3.09. Woolworths has a 1-year low of $2.10 and a 1-year high of $4.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 1.11.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Woolworths from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, Woolworths has a consensus rating of “Hold”.

About Woolworths

Woolworths Group Limited is an Australian retail company best known for its supermarket operations. In Australia, it operates Woolworths Supermarkets and smaller Woolworths Metro stores, selling groceries, fresh food, household goods and related products through physical stores and online channels. The group also operates BIG W, an Australian discount department store business offering products such as clothing, homewares, toys and electronics. In New Zealand, its supermarket business operates under the Woolworths brand.