Woolworths Group Limited (OTCMKTS:WOLWF) Short Interest Up 21.2% in March

Woolworths Group Limited (OTCMKTS:WOLWF) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,818,300 shares, an increase of 21.2% from the March 15th total of 1,500,500 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 1,010.2 days.

Woolworths Group Trading Down 1.9 %

Shares of OTCMKTS:WOLWF opened at $20.20 on Tuesday. Woolworths Group has a one year low of $16.55 and a one year high of $25.26. The business’s 50-day simple moving average is $18.61 and its 200 day simple moving average is $19.22.

Analyst Ratings Changes

Separately, Royal Bank of Canada initiated coverage on shares of Woolworths Group in a report on Tuesday, March 4th. They set a “sector perform” rating and a $31.00 target price on the stock.

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.