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

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

Wharf Stock Performance

WARFY opened at $4.67 on Friday. Wharf has a one year low of $4.24 and a one year high of $7.53. The business’s fifty day moving average is $5.13 and its two-hundred day moving average is $5.77.

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.