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

Weg S.A. (OTCMKTS:WEGZY) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,500 shares, a growth of 2,400.0% from the February 28th total of 100 shares. Based on an average trading volume of 117,200 shares, the short-interest ratio is presently 0.0 days.

WEG Stock Performance

Shares of WEGZY opened at $8.04 on Thursday. The company has a 50 day moving average of $8.76 and a two-hundred day moving average of $9.21. WEG has a twelve month low of $6.92 and a twelve month high of $10.36.

WEG Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, March 31st will be given a dividend of $0.0142 per share. This is a positive change from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, March 31st. WEG’s dividend payout ratio is currently 24.44%.

WEG Company Profile

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.