Weg S.A. (OTCMKTS:WEGZY) Shares Shorted: Short Interest Down 84.3% in September

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 37,882 shares, a decrease of 84.3% from the September 15th total of 241,883 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 865,278 shares, the short-interest ratio is currently 0.0 days.

WEG Trading Down 0.3%

OTCMKTS WEGZY opened at $10.23 on Friday. WEG has a 52 week low of $6.61 and a 52 week high of $10.80. The company’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $9.33. The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The stock has a market cap of $42.94 billion and a P/E ratio of 36.54.

WEG (OTCMKTS:WEGZY) last released its earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. WEG had a return on equity of 31.02% and a net margin of 15.58%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Equities research analysts predict that WEG will post 0.30 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on WEGZY shares. The Goldman Sachs Group raised shares of WEG from a “sell” rating to a “neutral” rating in a report on Tuesday, July 28th. Zacks Research raised WEG to a “hold” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, WEG has an average rating of “Hold”.

WEG Company Profile

WEG SA is a Brazil-based industrial company that develops and manufactures electrical equipment, systems and technologies for industrial, commercial and infrastructure applications. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, automation equipment and solutions for electrical power transmission and distribution.

The company also produces industrial coatings, paints and varnishes, as well as equipment and systems used in renewable energy, including wind and solar power applications.