Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 82.3% in January

Weg S.A. (OTCMKTS:WEGZY) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 9,800 shares, a drop of 82.3% from the January 15th total of 55,400 shares. Based on an average daily volume of 225,400 shares, the days-to-cover ratio is currently 0.0 days.

WEG Stock Down 1.1 %

OTCMKTS:WEGZY opened at $9.06 on Friday. The business’s 50-day moving average price is $9.17 and its 200 day moving average price is $9.40. WEG has a 52-week low of $6.60 and a 52-week high of $10.36.

WEG Increases Dividend

The business 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 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.