Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 94.4% in February

Weg S.A. (OTCMKTS:WEGZY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 100 shares, a decrease of 94.4% from the February 13th total of 1,800 shares. Based on an average daily trading volume, of 72,300 shares, the short-interest ratio is presently 0.0 days.

WEG Trading Up 0.6 %

Shares of WEG stock traded up $0.05 on Wednesday, hitting $7.95. 77,003 shares of the company traded hands, compared to its average volume of 72,528. WEG has a 52 week low of $6.92 and a 52 week high of $10.36. The business has a 50-day simple moving average of $8.91 and a 200 day simple moving average of $9.32.

WEG Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 10th will be issued a $0.0084 dividend. This is an increase from WEG’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, March 10th. WEG’s payout ratio 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.