Wesfarmers Limited (OTCMKTS:WFAFY) Short Interest Down 77.8% in October

Wesfarmers Limited (OTCMKTS:WFAFY) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 600 shares, a drop of 77.8% from the October 15th total of 2,700 shares. Based on an average daily volume of 33,000 shares, the short-interest ratio is currently 0.0 days.

Wesfarmers Stock Down 0.8 %

WFAFY opened at $22.38 on Wednesday. Wesfarmers has a fifty-two week low of $16.60 and a fifty-two week high of $27.17. The business has a 50-day moving average of $23.23 and a 200-day moving average of $23.03.

Wesfarmers Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 24th. Stockholders of record on Monday, September 9th were issued a dividend of $0.3133 per share. This is a positive change from Wesfarmers’s previous dividend of $0.26. The ex-dividend date was Monday, September 9th. Wesfarmers’s dividend payout ratio is currently 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.