Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 55.5% in December

Weg S.A. (OTCMKTS:WEGZY) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 18,300 shares, a drop of 55.5% from the November 30th total of 41,100 shares. Based on an average daily volume of 69,800 shares, the short-interest ratio is presently 0.3 days.

WEG Price Performance

Shares of WEG stock opened at $9.04 on Friday. The business has a 50-day moving average price of $9.40 and a 200 day moving average price of $9.08. WEG has a fifty-two week low of $6.31 and a fifty-two week high of $10.36.

WEG Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, December 30th will be issued 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 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.