Woolworths Group Limited (OTCMKTS:WOLWF) Sees Significant Drop in Short Interest

Woolworths Group Limited (OTCMKTS:WOLWF) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totalling 281,300 shares, a drop of 43.6% from the June 15th total of 499,200 shares. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 63.9 days.

Woolworths Group Stock Performance

Shares of OTCMKTS:WOLWF opened at $21.95 on Friday. Woolworths Group has a 1 year low of $19.62 and a 1 year high of $25.90. The business’s 50 day moving average price is $21.31 and its 200-day moving average price is $21.93.

About Woolworths Group

Woolworths Group Limited operates retail stores in Australia and New Zealand. It operates through Australian Food, Australian B2B, 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. The Australian B2B segment engages in procurement and distribution of food and related products for resale to other businesses, as well as provision of supply chain services to business customers in Australia.