Wesfarmers Limited (OTCMKTS:WFAFY) Sees Significant Increase in Short Interest

Wesfarmers Limited (OTCMKTS:WFAFY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 58,100 shares, an increase of 127.0% from the March 15th total of 25,600 shares. Based on an average daily trading volume, of 94,000 shares, the short-interest ratio is currently 0.6 days.

Wesfarmers Trading Down 1.0 %

Shares of WFAFY stock opened at $23.21 on Wednesday. The stock has a 50 day moving average of $23.03 and a 200-day moving average of $22.95. Wesfarmers has a 12 month low of $20.08 and a 12 month high of $27.17.

Wesfarmers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 3rd were issued a $0.3034 dividend. The ex-dividend date of this dividend was Monday, March 3rd. Wesfarmers’s dividend payout ratio (DPR) is presently 37.01%.

Wesfarmers Company Profile

Wesfarmers Limited engages in the retail business in Australia, New Zealand, and internationally. The company is involved in the retail sale of building materials, home and garden improvement, lifestyle, and outdoor living products; apparel and general merchandise, including toys, leisure, entertainment, home, and consumables; and office products and solutions, such as stationery, technology, furniture, art supplies, and learning and development resources, as well as print and create, and technical support services through its Officeworks stores.