Short Interest in Woolworths Group Limited (OTCMKTS:WOLWF) Rises By 21.2%

Woolworths Group Limited (OTCMKTS:WOLWF) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,818,300 shares, an increase of 21.2% from the March 15th total of 1,500,500 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is currently 1,010.2 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada started coverage on shares of Woolworths Group in a research note on Tuesday, March 4th. They set a “sector perform” rating and a $31.00 price target on the stock.

Woolworths Group Stock Performance

Woolworths Group stock opened at $20.60 on Friday. Woolworths Group has a 52-week low of $16.55 and a 52-week high of $25.26. The stock has a fifty day moving average price of $18.58 and a two-hundred day moving average price of $19.25.

Woolworths Group Company Profile

Woolworths Group Limited operates retail stores in Australia and New Zealand. It operates through Australian Food, Australian B2B, New Zealand Food, BIG W, and Other segments. The Australian Food segment procures and resells food and related products, and provides services to customers in Australia. The Australian B2B segment engages in procurement and distribution of food and related products for resale to other businesses, as well as provision of supply chain services to business customers in Australia.