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

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

Wesfarmers Stock Up 0.5 %

Shares of OTCMKTS WFAFY opened at $21.17 on Friday. The stock’s fifty day moving average price is $21.60 and its two-hundred day moving average price is $19.22. Wesfarmers has a one year low of $15.14 and a one year high of $23.03.

Wesfarmers Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, February 27th were issued a $0.2601 dividend. The ex-dividend date of this dividend was Monday, February 26th. 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.