Weg S.A. (OTCMKTS:WEGZY) Short Interest Update

Weg S.A. (OTCMKTS:WEGZY) was the recipient of 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 trading volume of 225,400 shares, the days-to-cover ratio is presently 0.0 days.

WEG Stock Performance

WEGZY stock opened at $9.16 on Thursday. The firm has a 50 day simple moving average of $9.17 and a 200 day simple moving average of $9.40. WEG has a 52 week low of $6.60 and a 52 week high of $10.36.

WEG Increases Dividend

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