Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Up 305.1% in September

Wesfarmers Limited (OTCMKTS:WFAFY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 15,800 shares, an increase of 305.1% from the September 15th total of 3,900 shares. Based on an average daily trading volume, of 27,400 shares, the short-interest ratio is currently 0.6 days.

Wesfarmers Trading Up 0.9 %

OTCMKTS WFAFY opened at $23.58 on Friday. The stock has a 50 day moving average price of $24.05 and a 200-day moving average price of $22.84. Wesfarmers has a one year low of $15.67 and a one year high of $27.17.

Wesfarmers Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Monday, September 9th will be issued a $0.3133 dividend. The ex-dividend date is Monday, September 9th. This is a positive change from Wesfarmers’s previous dividend of $0.26. Wesfarmers’s dividend payout ratio (DPR) 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.