Weg S.A. (OTCMKTS:WEGZY – Get Free Report) was the recipient of a significant decline in short interest in 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 trading volume of 144,000 shares, the short-interest ratio is currently 0.0 days.
WEG Stock Performance
Shares of WEG stock opened at $8.38 on Friday. The stock’s 50-day moving average is $9.08 and its 200-day moving average is $9.41. WEG has a one year low of $6.94 and a one year high of $10.36.
WEG Increases Dividend
The company also recently declared a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 10th will be issued a $0.0084 dividend. This is a positive change from WEG’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, March 10th. WEG’s 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.
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