Woolworths Group Limited (OTCMKTS:WOLWF) Sees Large Drop in Short Interest

Woolworths Group Limited (OTCMKTS:WOLWF) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 932,976 shares, a decline of 43.3% from the July 15th total of 1,646,554 shares. Based on an average daily trading volume, of 418 shares, the days-to-cover ratio is presently 2,232.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group downgraded shares of Woolworths Group from a “buy” rating to a “neutral” rating in a research report on Monday, July 27th. Citigroup downgraded shares of Woolworths Group to a “sell” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $37.00.

Woolworths Group Stock Performance

Shares of OTCMKTS:WOLWF opened at $30.16 on Wednesday. The stock has a 50 day moving average of $28.90 and a 200 day moving average of $25.64. Woolworths Group has a 12-month low of $16.00 and a 12-month high of $30.82.

Woolworths Group Company Profile

Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.

In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.