Short Interest in The Wharf (Holdings) Limited (OTCMKTS:WARFY) Decreases By 20.6%

The Wharf (Holdings) Limited (OTCMKTS:WARFY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,700 shares, a decline of 20.6% from the August 15th total of 3,400 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 1.7 days.

Wharf Price Performance

Shares of OTCMKTS:WARFY opened at $5.77 on Friday. The company’s fifty day moving average is $5.66 and its two-hundred day moving average is $5.37. Wharf has a 12-month low of $4.40 and a 12-month high of $6.56.

Wharf Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 1st will be paid a dividend of $0.0408 per share. This represents a yield of 145.0%. The ex-dividend date of this dividend is Friday, August 29th. Wharf’s payout ratio is 19.99%.

About Wharf

Founded in 1886 as the 17th company registered in Hong Kong, The Wharf (Holdings) Limited (Stock Code: 0004) is a premier company with strong connection to the history of Hong Kong. As one of the 30 constituent stocks in the original Hang Seng Index from the 1960s, Wharf is backed by a long standing mission of Building for Tomorrow and a proven track record in management and execution.