Wesfarmers Limited (OTCMKTS:WFAFY – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 13,980 shares, a decline of 92.1% from the May 31st total of 176,221 shares. Based on an average trading volume of 291,452 shares, the short-interest ratio is presently 0.0 days.
Wesfarmers Stock Up 2.4%
Shares of Wesfarmers stock traded up $0.73 during trading on Thursday, reaching $30.78. 66,566 shares of the company were exchanged, compared to its average volume of 110,593. The business has a 50-day moving average price of $27.45 and a 200-day moving average price of $27.57. Wesfarmers has a twelve month low of $24.50 and a twelve month 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.
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