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

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 41,100 shares, a growth of 83.5% from the November 15th total of 22,400 shares. Based on an average daily volume of 64,000 shares, the days-to-cover ratio is presently 0.6 days.

WEG Stock Down 3.1 %

WEGZY stock opened at $9.53 on Friday. The firm’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $8.95. WEG has a 12 month low of $6.31 and a 12 month high of $10.36.

WEG Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, October 7th will be issued a $0.0084 dividend. The ex-dividend date is Monday, October 7th. This is a boost from WEG’s previous dividend of $0.01. WEG’s dividend payout ratio (DPR) is currently 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.