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

The Wharf (Holdings) Limited (OTCMKTS:WARFY) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 211 shares, an increase of 240.3% from the June 30th total of 62 shares. Based on an average daily volume of 1,839 shares, the days-to-cover ratio is currently 0.1 days.

Wharf Price Performance

WARFY stock opened at $4.67 on Friday. The business’s 50-day moving average is $5.13 and its two-hundred day moving average is $5.77. Wharf has a 1 year low of $4.24 and a 1 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.