Weg S.A. (OTCMKTS:WEGZY) Sees Large Drop in Short Interest

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 18,300 shares, a decrease of 55.5% from the November 30th total of 41,100 shares. Based on an average daily trading volume, of 69,800 shares, the days-to-cover ratio is presently 0.3 days.

WEG Stock Performance

WEG stock opened at $8.81 on Friday. The stock’s fifty day moving average is $9.38 and its two-hundred day moving average is $9.11. WEG has a 1-year low of $6.31 and a 1-year high of $10.36.

WEG Increases Dividend

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