Weg S.A. (OTCMKTS:WEGZY – Get Free Report) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 18,300 shares, a decline of 55.5% from the November 30th total of 41,100 shares. Based on an average trading volume of 69,800 shares, the days-to-cover ratio is currently 0.3 days.
WEG Trading Down 2.5 %
Shares of OTCMKTS:WEGZY opened at $8.81 on Friday. The company has a 50 day moving average of $9.38 and a 200-day moving average of $9.09. WEG has a one year low of $6.31 and a one year high of $10.36.
WEG Increases Dividend
The company also recently declared a dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, December 30th will be given a $0.0084 dividend. This is an increase from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, December 30th. WEG’s dividend payout ratio (DPR) 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.
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