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

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, a decline of 81.6% from the January 31st total of 9,800 shares. Based on an average daily volume of 144,000 shares, the short-interest ratio is currently 0.0 days.

WEG Price Performance

WEGZY stock traded down $0.85 during midday trading on Thursday, reaching $8.18. The stock had a trading volume of 24,725 shares, compared to its average volume of 75,447. The business has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $9.42. WEG has a twelve month low of $6.94 and a twelve month high of $10.36.

WEG Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, December 30th will be issued a dividend of $0.0084 per share. The ex-dividend date is Monday, December 30th. This is a positive change from WEG’s previous dividend of $0.01. WEG’s dividend payout ratio is 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.