Short Interest in Wesfarmers Limited (OTCMKTS:WFAFY) Drops By 88.9%

Wesfarmers Limited (OTCMKTS:WFAFY) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,500 shares, a drop of 88.9% from the March 31st total of 13,500 shares. Based on an average trading volume of 35,200 shares, the short-interest ratio is currently 0.0 days.

Wesfarmers Stock Performance

Shares of Wesfarmers stock opened at $21.17 on Friday. The company’s fifty day simple moving average is $21.60 and its 200-day simple moving average is $19.22. Wesfarmers has a 1 year low of $15.14 and a 1 year high of $23.03.

Wesfarmers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, February 27th were paid a $0.2601 dividend. The ex-dividend date of this dividend was Monday, February 26th. Wesfarmers’s 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.