Woolworths Group Limited (OTCMKTS:WOLWF – Get Rating) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 410,400 shares, an increase of 42.0% from the May 15th total of 289,000 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 586.3 days.
Shares of OTCMKTS:WOLWF opened at $24.58 on Wednesday. Woolworths Group has a 1-year low of $23.80 and a 1-year high of $33.20. The business has a fifty day moving average price of $26.43 and a 200-day moving average price of $26.32.
Several equities research analysts recently commented on WOLWF shares. Credit Suisse Group upgraded shares of Woolworths Group from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 23rd. The Goldman Sachs Group assumed coverage on shares of Woolworths Group in a research note on Sunday, March 27th. They set a “buy” rating for the company.
Woolworths Group Limited operates retail stores. It operates through Australian Food, 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. It operates 1,076 Woolworths supermarkets and Metro Food stores.
- Get a free copy of the StockNews.com research report on Woolworths Group (WOLWF)
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