Wesfarmers Limited (OTCMKTS:WFAFY) Stock Short Interest Report for October

Wesfarmers Limited (OTCMKTS:WFAFY) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 131,890 shares, an increase of 141.6% from the September 30th total of 54,592 shares. Based on an average daily volume of 245,593 shares, the days-to-cover ratio is currently 0.5 days.

Wesfarmers Price Performance

Shares of OTCMKTS WFAFY opened at $26.90 on Friday. The company’s fifty day simple moving average is $27.08 and its 200 day simple moving average is $28.24. Wesfarmers has a 12-month low of $24.50 and a 12-month high of $33.31.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank Of Canada started coverage on Wesfarmers in a report on Thursday, July 30th. They issued an “underperform” rating and a $73.00 price objective for the company. Jefferies Financial Group raised shares of Wesfarmers from an “underperform” rating to a “hold” rating and set a $68.50 target price for the company in a research report on Thursday. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus price target of $70.75.

Wesfarmers Company Profile

Wesfarmers Limited is an Australian diversified company with operations spanning retail, industrial, and health-related businesses. Its principal retail brands include Bunnings, a supplier of home improvement and outdoor living products; Kmart, which sells apparel, homewares, toys, and general merchandise; and Target, which offers clothing, homewares, and other consumer products. Wesfarmers also operates Officeworks, a retailer of stationery, office supplies, technology, and related services.

The company’s industrial businesses include WesCEF, which manufactures and distributes chemicals, fertilizers, explosives, and related products, as well as Kleenheat, which supplies liquefied petroleum gas and other energy products.