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

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 9,400 shares, an increase of 25.3% from the February 13th total of 7,500 shares. Based on an average trading volume of 41,900 shares, the days-to-cover ratio is currently 0.2 days.

Wesfarmers Price Performance

Shares of OTCMKTS WFAFY opened at $22.09 on Wednesday. Wesfarmers has a 12-month low of $20.68 and a 12-month high of $27.17. The company’s fifty day simple moving average is $23.26 and its 200 day simple moving average is $23.15.

Wesfarmers Cuts Dividend

The firm also recently announced 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 is Monday, March 3rd. Wesfarmers’s payout ratio is presently 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.