Short Interest in Wesfarmers Limited (OTCMKTS:WFAFY) Declines By 82.9%

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,700 shares, a decline of 82.9% from the September 30th total of 15,800 shares. Based on an average daily volume of 43,700 shares, the short-interest ratio is currently 0.1 days.

Wesfarmers Price Performance

Wesfarmers stock opened at $22.40 on Friday. The firm has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $22.94. Wesfarmers has a twelve month low of $15.67 and a twelve month high of $27.17.

Wesfarmers Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 24th. Stockholders of record on Monday, September 9th were paid a dividend of $0.3133 per share. This is an increase from Wesfarmers’s previous dividend of $0.26. The ex-dividend date of this dividend was Monday, September 9th. 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.