The Wharf (Holdings) Limited (OTCMKTS:WARFY) Sees Large Decline in Short Interest

The Wharf (Holdings) Limited (OTCMKTS:WARFY) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,559 shares, a drop of 24.5% from the December 15th total of 3,391 shares. Based on an average daily trading volume, of 203 shares, the days-to-cover ratio is currently 12.6 days. Based on an average daily trading volume, of 203 shares, the days-to-cover ratio is currently 12.6 days.

Wharf Stock Performance

Shares of OTCMKTS WARFY opened at $5.60 on Monday. The firm has a 50 day moving average price of $5.86 and a two-hundred day moving average price of $5.72. Wharf has a 52-week low of $4.40 and a 52-week high of $6.72.

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.