Short Interest in Wesfarmers Limited (OTCMKTS:WFAFY) Grows By 127.0%

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a large 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 daily volume of 94,000 shares, the days-to-cover ratio is currently 0.6 days.

Wesfarmers Stock Down 1.0 %

WFAFY stock opened at $23.21 on Wednesday. Wesfarmers has a 1 year low of $20.08 and a 1 year high of $27.17. The company has a fifty day simple moving average of $23.03 and a 200 day simple moving average of $22.95.

Wesfarmers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.3034 per share. 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.