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

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large drop in short interest during 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 daily trading volume, of 225,400 shares, the short-interest ratio is presently 0.0 days.

WEG Stock Up 0.4 %

Shares of OTCMKTS WEGZY traded up $0.03 during midday trading on Wednesday, hitting $9.16. The stock had a trading volume of 30,734 shares, compared to its average volume of 88,794. WEG has a fifty-two week low of $6.60 and a fifty-two week high of $10.36. The company’s 50-day simple moving average is $9.17 and its 200 day simple moving average is $9.40.

WEG Increases Dividend

The company also recently disclosed 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 boost from WEG’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, December 30th. WEG’s payout ratio is currently 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.