Short Interest in Coles Group Limited (OTCMKTS:CLEGF) Drops By 20.6%

Coles Group Limited (OTCMKTS:CLEGF) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 1,155,500 shares, a drop of 20.6% from the November 30th total of 1,454,800 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 2,888.8 days.

Coles Group Stock Performance

Shares of OTCMKTS CLEGF remained flat at $12.25 during midday trading on Friday. Coles Group has a 52-week low of $8.90 and a 52-week high of $14.08. The stock’s 50 day simple moving average is $10.83 and its 200 day simple moving average is $10.86.

About Coles Group

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.