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

Weg S.A. (OTCMKTS:WEGZY) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 100 shares, a decrease of 94.4% from the February 13th total of 1,800 shares. Based on an average daily volume of 72,300 shares, the short-interest ratio is currently 0.0 days.

WEG Stock Up 2.2 %

Shares of WEG stock opened at $8.12 on Thursday. WEG has a 12 month low of $6.92 and a 12 month high of $10.36. The business has a fifty day simple moving average of $8.89 and a 200-day simple moving average of $9.31.

WEG Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 10th will be given a dividend of $0.0084 per share. 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 dividend payout ratio (DPR) is presently 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.