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

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 58,100 shares, a growth of 127.0% from the March 15th total of 25,600 shares. Based on an average trading volume of 94,000 shares, the days-to-cover ratio is presently 0.6 days.

Wesfarmers Stock Up 1.9 %

Shares of OTCMKTS WFAFY traded up $0.44 during midday trading on Thursday, reaching $23.65. 13,733 shares of the company traded hands, compared to its average volume of 45,735. The stock’s 50-day simple moving average is $23.03 and its 200-day simple moving average is $22.96. Wesfarmers has a 12 month low of $20.08 and a 12 month high of $27.17.

Wesfarmers Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 3rd were given 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%.

About Wesfarmers

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.