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

Weg S.A. (OTCMKTS:WEGZY) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 29,200 shares, a decrease of 58.6% from the July 31st total of 70,600 shares. Based on an average trading volume of 96,600 shares, the days-to-cover ratio is currently 0.3 days.

WEG Stock Performance

Shares of OTCMKTS:WEGZY traded down $0.03 during trading on Wednesday, hitting $9.76. 128,694 shares of the company’s stock were exchanged, compared to its average volume of 75,176. WEG has a 52-week low of $5.93 and a 52-week high of $10.13. The business’s 50-day simple moving average is $8.49 and its 200 day simple moving average is $7.81.

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.