Weg S.A. (OTCMKTS:WEGZY) Short Interest Up 57.5% in September

Weg S.A. (OTCMKTS:WEGZY) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 28,200 shares, an increase of 57.5% from the August 31st total of 17,900 shares. Based on an average trading volume of 53,500 shares, the days-to-cover ratio is presently 0.5 days.

WEG Price Performance

Shares of OTCMKTS:WEGZY opened at $10.22 on Friday. The stock’s 50-day simple moving average is $9.35 and its two-hundred day simple moving average is $8.22. WEG has a 52-week low of $5.93 and a 52-week high of $10.36.

WEG Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, October 7th will be issued a $0.0084 dividend. This is an increase from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, October 7th. WEG’s dividend payout ratio (DPR) is presently 24.44%.

WEG Company Profile

WEG SA engages in the production and sale of capital goods in Brazil and internationally. The company offers electric motors, generators, and transformers; gear units and geared motors; hydraulic and steam turbines; frequency converters; motor starters and maneuver devices; control and protection of electric circuits for industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, SUV vehicles, locomotives, and sea transportation capital goods.