The Wharf (Holdings) Limited (OTCMKTS:WARFY) Sees Large Growth in Short Interest

The Wharf (Holdings) Limited (OTCMKTS:WARFY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 880 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 1,491 shares, the days-to-cover ratio is presently 0.6 days.

Wharf Stock Down 2.4%

Shares of Wharf stock opened at $4.45 on Thursday. The business’s 50 day simple moving average is $4.85 and its two-hundred day simple moving average is $5.43. Wharf has a one year low of $4.21 and a one year high of $7.53.

Wharf Company Profile

Founded in 1886 and headquartered in Hong Kong, Wharf (OTCMKTS: WARFY) is a diversified conglomerate with core operations in property development and information communications. The company’s property division develops, leases and manages landmark commercial and retail complexes, including Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay. Through these flagship assets and other holdings across Mainland China, Wharf aims to generate stable rental income and long-term capital appreciation.

Wharf’s communications arm comprises i-Cable Communications, which offers broadband, pay-TV and mobile services, and Wharf New T&T, a provider of data, internet and carrier solutions for enterprise and consumer markets.