Short Interest in The Wharf (Holdings) Limited (OTCMKTS:WARFY) Declines By 67.3%

The Wharf (Holdings) Limited (OTCMKTS:WARFY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 294 shares, a drop of 67.3% from the May 31st total of 900 shares. Based on an average daily volume of 2,844 shares, the days-to-cover ratio is presently 0.1 days.

Wharf Stock Performance

Shares of OTCMKTS WARFY opened at $4.32 on Monday. The stock has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $5.94. Wharf has a 12-month low of $4.28 and a 12-month high of $7.53.

Wharf Company Profile

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.