Coles Group Limited (OTCMKTS:CLEGF – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 507,816 shares, a decrease of 33.4% from the July 30th total of 761,982 shares. Based on an average daily volume of 2 shares, the short-interest ratio is currently 253,908.0 days.
Analysts Set New Price Targets
Separately, Citigroup cut Coles Group to a “neutral” rating in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.
Read Our Latest Research Report on CLEGF
Coles Group Stock Performance
About Coles Group
Coles Group Ltd. (OTCMKTS:CLEGF) is a leading Australian retailer headquartered in Melbourne. The company operates one of the country’s largest supermarket chains under the Coles banner, complemented by an extensive liquor division and a network of convenience and fuel outlets. Coles Group’s core mission centers on providing a broad range of food, everyday household products and services to customers across urban and regional Australia.
Coles Group’s supermarket operations encompass both brick-and-mortar stores and an online grocery delivery platform, supported by a nationwide logistics and distribution network.
See Also
- Five stocks we like better than Coles Group
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for Coles Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coles Group and related companies with MarketBeat.com's FREE daily email newsletter.
