Weg S.A. (OTCMKTS:WEGZY) Short Interest Up 180.9% in January

Weg S.A. (OTCMKTS:WEGZY) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 51,400 shares, an increase of 180.9% from the December 31st total of 18,300 shares. Based on an average daily volume of 64,300 shares, the days-to-cover ratio is presently 0.8 days.

WEG Trading Up 1.1 %

WEGZY opened at $9.34 on Friday. The business’s 50-day moving average is $9.12 and its two-hundred day moving average is $9.34. WEG has a 1 year low of $6.31 and a 1 year high of $10.36.

WEG Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, December 30th will be given a $0.0084 dividend. The ex-dividend date is Monday, December 30th. This is an increase from WEG’s previous dividend of $0.01. WEG’s payout ratio 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.