Coles Group Limited (OTCMKTS:CLEGF) Sees Significant Decrease in Short Interest

Coles Group Limited (OTCMKTS:CLEGFGet Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 761,982 shares, a decline of 46.5% from the July 15th total of 1,423,830 shares. Based on an average daily trading volume, of 118 shares, the days-to-cover ratio is currently 6,457.5 days.

Coles Group Stock Performance

Shares of CLEGF stock opened at $16.85 on Tuesday. The firm’s 50-day simple moving average is $16.33 and its 200-day simple moving average is $16.04. Coles Group has a 1-year low of $13.00 and a 1-year high of $17.14.

Coles Group Company Profile

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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.

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