Wesfarmers Limited (OTCMKTS:NPSCY) Sees Significant Growth in Short Interest

Wesfarmers Limited (OTCMKTS:NPSCY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, an increase of 57.1% from the August 15th total of 700 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 1.6 days.

Separately, Mizuho upgraded Wesfarmers from a “neutral” rating to a “buy” rating in a research note on Thursday, September 3rd.

Shares of Wesfarmers stock opened at $11.00 on Wednesday. Wesfarmers has a 1-year low of $7.46 and a 1-year high of $16.19. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.50 and a quick ratio of 0.66. The business’s fifty day moving average price is $9.71 and its two-hundred day moving average price is $9.26. The company has a market capitalization of $10.45 billion, a P/E ratio of -2.56 and a beta of 1.15.

Wesfarmers (OTCMKTS:NPSCY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.42) earnings per share for the quarter. The business had revenue of $10.52 billion for the quarter. Wesfarmers had a negative net margin of 9.12% and a negative return on equity of 15.94%.

Wesfarmers Company Profile

Nippon Steel Corporation, together with its subsidiaries, engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The Steelmaking and Steel Fabrication segment offers steel plates and sheets; bars, beams, shapes, and rods; pipes and tubes; railway, automotive, and machinery parts; and stainless steel and titanium.

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