Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Update

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 28,200 shares, a decline of 51.5% from the March 31st total of 58,100 shares. Based on an average daily trading volume, of 218,800 shares, the days-to-cover ratio is presently 0.1 days.

Wesfarmers Price Performance

Shares of WFAFY opened at $24.64 on Tuesday. Wesfarmers has a 1 year low of $20.08 and a 1 year high of $27.17. The company’s 50 day simple moving average is $22.97 and its 200 day simple moving average is $22.98.

Wesfarmers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 3rd were paid a $0.3034 dividend. The ex-dividend date of this dividend was Monday, March 3rd. Wesfarmers’s payout ratio 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.