Wesfarmers Limited (OTCMKTS:WFAFY) saw a big jump in short interest during May. Investors are taking notice. By May 29,short interest hit 176,221 shares,up 111.2% from 83,432 shares on May 14.
Short-interest ratio now at 0.7 days, based on average daily trading volume of 250,364 shares. This spike shows investors are more active and tuned into this stock's movements.
Friday,WFAFY shares opened at $30.59. Over past year,stock ranged from $24.50 low to $33.31 high . Right now,50-day moving average is $26.86,200-day at $27.37.
Based in Perth, Wesfarmers is one of Australia's largest conglomerates. Started in 1914 as a farmers’ coop,now it's a giant with interests in retail,industrials,chemicals,energy,resources. Trades on Australian Securities Exchange,also OTC in US under WFAFY.
Wesfarmers runs big names like Bunnings Warehouse,Kmart,Target,Officeworks. This mix keeps company strong in market. But with investor interest all over the place...



