What’s Next for WESFARMERS LTD ORDINARY SHARES (OTCMKTS:WFAFF) After Having Less Shares Shorted?

June 15, 2018 - By Peter Erickson

Wesfarmers Limited (OTCMKTS:WFAFF) Logo

The stock of WESFARMERS LTD ORDINARY SHARES (OTCMKTS:WFAFF) registered a decrease of 8.69% in short interest. WFAFF’s total short interest was 1.14M shares in June as published by FINRA. Its down 8.69% from 1.25M shares, reported previously. With 15,900 shares average volume, it will take short sellers 72 days to cover their WFAFF’s short positions. The short interest to WESFARMERS LTD ORDINARY SHARES’s float is 0.1%.

It closed at $35.07 lastly. It is down 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

Wesfarmers Limited engages in the retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and investment businesses in Australia, New Zealand, the United Kingdom, and internationally. The company has market cap of $40.59 billion. The firm operates 801 Coles supermarkets; 883 liquor stores under the Liquorland, Vintage Cellars, and First Choice Liquor brands; 89 hotels; 702 convenience outlets; and an online supermarket. It has a 33.46 P/E ratio. It also offers home, car, and landlord insurance products, as well as credit cards; home improvement and outdoor living products through warehouse stores, smaller format stores, trade centers, and frame and truss sites under the Bunnings name; apparel, homewares, and general merchandise through 303 Target stores and 220 Kmart stores, as well as through online; automotive services, repairs, and tires through 251 Kmart Tyre & Auto Service centers; and office products and solutions through Officeworks stores.

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