Weg S.A. (OTCMKTS:WEGZY) Short Interest Up 2,400.0% in March

Weg S.A. (OTCMKTS:WEGZY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,500 shares, a growth of 2,400.0% from the February 28th total of 100 shares. Based on an average daily volume of 117,200 shares, the days-to-cover ratio is currently 0.0 days.

WEG Trading Down 0.1 %

Shares of OTCMKTS WEGZY traded down $0.01 during mid-day trading on Wednesday, hitting $8.04. The company had a trading volume of 66,135 shares, compared to its average volume of 65,973. WEG has a 12 month low of $6.92 and a 12 month high of $10.36. The firm’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $9.22.

WEG Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, March 31st will be paid a $0.0142 dividend. This is a boost from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, March 31st. WEG’s dividend payout ratio (DPR) is presently 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.