Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 81.6% in February

Weg S.A. (OTCMKTS:WEGZY) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 1,800 shares, a decrease of 81.6% from the January 31st total of 9,800 shares. Based on an average daily volume of 144,000 shares, the days-to-cover ratio is currently 0.0 days.

WEG Stock Down 0.8 %

OTCMKTS:WEGZY opened at $8.31 on Friday. WEG has a fifty-two week low of $6.94 and a fifty-two week high of $10.36. The firm’s fifty day simple moving average is $9.06 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. Stockholders of record on Monday, March 10th will be given a $0.0084 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from WEG’s previous dividend of $0.01. 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.