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

Weg S.A. (OTCMKTS:WEGZY) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 41,100 shares, an increase of 83.5% from the November 15th total of 22,400 shares. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is currently 0.6 days.

WEG Trading Up 4.2 %

Shares of OTCMKTS WEGZY opened at $9.83 on Thursday. WEG has a one year low of $6.31 and a one year high of $10.36. The firm’s 50 day simple moving average is $9.54 and its two-hundred day simple moving average is $8.94.

WEG Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, October 7th will be issued a dividend of $0.0084 per share. The ex-dividend date is Monday, October 7th. This is a positive change from WEG’s previous dividend of $0.01. 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.