Coles Group Limited (OTCMKTS:CLEGF – Get Free Report) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 342,900 shares, a drop of 27.9% from the May 15th total of 475,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 3,429.0 days.
Coles Group Stock Performance
OTCMKTS CLEGF opened at $14.11 on Thursday. The firm’s 50 day simple moving average is $13.43 and its 200 day simple moving average is $11.93. Coles Group has a 1 year low of $8.90 and a 1 year high of $15.00.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CLEGF. Royal Bank Of Canada began coverage on shares of Coles Group in a research report on Tuesday, March 4th. They set an “outperform” rating and a $22.00 price target on the stock. Morgan Stanley upgraded shares of Coles Group to an “overweight” rating in a research report on Tuesday, March 11th.
Coles Group Company Profile
Coles Group Limited operates as a retailer in Australia. It operates through Supermarkets and Liquor segments. The company operates various supermarkets; and coles.com.au, which offers a choice of home delivery, including same-day, overnight drop and go services, and pick up from click and collect locations.
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