The Wharf (Holdings) Limited (OTCMKTS:WARFY – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 62 shares, a drop of 78.9% from the June 15th total of 294 shares. Based on an average trading volume of 3,038 shares, the short-interest ratio is presently 0.0 days.
Wharf Price Performance
Wharf stock opened at $4.69 on Monday. Wharf has a 52-week low of $4.24 and a 52-week high of $7.53. The firm has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $5.85.
About Wharf
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.
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