Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Up 172.3% in March

Wesfarmers Limited (OTCMKTS:WFAFY) saw 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 days-to-cover ratio is presently 0.3 days.

Wesfarmers Trading Down 0.7 %

OTCMKTS WFAFY opened at $22.47 on Thursday. The business’s fifty day moving average is $23.30 and its 200 day moving average is $23.10. Wesfarmers has a fifty-two week low of $20.68 and a fifty-two week high of $27.17.

Wesfarmers Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 3rd will be issued a $0.3034 dividend. The ex-dividend date is Monday, March 3rd. Wesfarmers’s dividend payout ratio is 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.