Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Down 77.8% in October

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 600 shares, a decrease of 77.8% from the October 15th total of 2,700 shares. Based on an average daily trading volume, of 33,000 shares, the days-to-cover ratio is presently 0.0 days.

Wesfarmers Trading Up 0.4 %

Shares of Wesfarmers stock opened at $22.55 on Tuesday. The business’s fifty day simple moving average is $23.27 and its 200 day simple moving average is $23.02. Wesfarmers has a 12 month low of $16.60 and a 12 month high of $27.17.

Wesfarmers Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 24th. Investors of record on Monday, September 9th were issued a dividend of $0.3133 per share. This is a boost from Wesfarmers’s previous dividend of $0.26. The ex-dividend date of this dividend was Monday, September 9th. Wesfarmers’s dividend payout ratio (DPR) is currently 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.