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

The Wharf (Holdings) Limited (OTCMKTS:WARFY) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,559 shares, a decrease of 24.5% from the December 15th total of 3,391 shares. Based on an average trading volume of 203 shares, the short-interest ratio is presently 12.6 days. Based on an average trading volume of 203 shares, the short-interest ratio is presently 12.6 days.

Wharf Stock Down 5.2%

Wharf stock opened at $5.60 on Friday. Wharf has a fifty-two week low of $4.40 and a fifty-two week high of $6.72. The company has a 50 day moving average price of $5.86 and a 200-day moving average price of $5.72.

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.