Short Interest in The Wharf (Holdings) Limited (OTCMKTS:WARFY) Increases By 3,025.0%

The Wharf (Holdings) Limited (OTCMKTS:WARFY) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 12,500 shares, an increase of 3,025.0% from the February 28th total of 400 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 1.8 days.

Wharf Stock Performance

Shares of OTCMKTS:WARFY traded up $0.08 on Wednesday, hitting $4.68. 595 shares of the company were exchanged, compared to its average volume of 2,136. The company’s 50 day moving average price is $4.85 and its two-hundred day moving average price is $5.20. Wharf has a one year low of $4.40 and a one year high of $6.98.

Wharf Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 9th. Shareholders of record on Monday, April 7th will be issued a $0.0515 dividend. This is a boost from Wharf’s previous dividend of $0.05. The ex-dividend date is Monday, April 7th. Wharf’s dividend 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.