Short Interest in Wesfarmers Limited (OTCMKTS:WFAFY) Expands By 172.3%

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,600 shares, an increase of 172.3% from the February 28th total of 9,400 shares. Based on an average daily volume of 82,500 shares, the short-interest ratio is currently 0.3 days.

Wesfarmers Stock Down 0.7 %

Shares of WFAFY opened at $22.47 on Thursday. Wesfarmers has a one year low of $20.68 and a one year high of $27.17. The business has a fifty day moving average of $23.30 and a 200 day moving average of $23.10.

Wesfarmers Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.3034 per share. The ex-dividend date of this dividend is Monday, March 3rd. Wesfarmers’s payout ratio is currently 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.