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

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

Wesfarmers Trading Up 1.2 %

Shares of WFAFY opened at $22.73 on Friday. Wesfarmers has a 52 week low of $20.68 and a 52 week high of $27.17. The stock has a fifty day moving average of $23.32 and a 200-day moving average of $23.09.

Wesfarmers Cuts Dividend

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