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

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 17,900 shares, a drop of 38.7% from the August 15th total of 29,200 shares. Based on an average daily volume of 102,600 shares, the days-to-cover ratio is currently 0.2 days.

WEG Trading Up 0.4 %

OTCMKTS:WEGZY opened at $9.48 on Friday. WEG has a one year low of $5.93 and a one year high of $10.13. The firm’s 50 day simple moving average is $9.00 and its 200 day simple moving average is $8.04.

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.