Weg S.A. (OTCMKTS:WEGZY) Sees Significant Increase in Short Interest

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 51,400 shares, a growth of 180.9% from the December 15th total of 18,300 shares. Based on an average daily volume of 64,300 shares, the days-to-cover ratio is presently 0.8 days.

WEG Trading Down 0.5 %

Shares of OTCMKTS WEGZY opened at $8.78 on Wednesday. WEG has a 52 week low of $6.31 and a 52 week high of $10.36. The business’s 50 day moving average price is $9.19 and its 200 day moving average price is $9.25.

WEG Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, December 30th will be issued a $0.0084 dividend. This is an increase from WEG’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, December 30th. WEG’s dividend payout ratio is 24.44%.

About WEG

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.