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

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 51,400 shares, an increase of 180.9% from the December 15th 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 3.4 %

Shares of WEGZY stock opened at $9.09 on Thursday. WEG has a twelve month low of $6.31 and a twelve month high of $10.36. The stock has a 50 day moving average of $9.19 and a 200 day moving average of $9.25.

WEG Increases Dividend

The business also recently declared 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 an increase from WEG’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, December 30th. WEG’s dividend payout ratio is 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.