Wesfarmers Limited (OTCMKTS:WFAFY) Sees Large Decrease in Short Interest

Wesfarmers Limited (OTCMKTS:WFAFY) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,300 shares, a decline of 91.9% from the September 30th total of 28,300 shares. Based on an average daily volume of 103,500 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 103,500 shares, the days-to-cover ratio is presently 0.0 days.

Wesfarmers Stock Up 0.5%

Shares of WFAFY stock opened at $29.91 on Tuesday. Wesfarmers has a 12-month low of $20.08 and a 12-month high of $31.72. The stock’s 50-day moving average price is $29.97 and its 200-day moving average price is $27.82.

Wesfarmers Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Tuesday, September 9th were issued a $0.2923 dividend. This represents a dividend yield of 183.0%. The ex-dividend date of this dividend was Monday, September 8th. Wesfarmers’s payout ratio is 37.01%.

About Wesfarmers

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.