Short Interest in Weg S.A. (OTCMKTS:WEGZY) Drops By 61.0%

Weg S.A. (OTCMKTS:WEGZY) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 12,700 shares, a decrease of 61.0% from the September 15th total of 32,600 shares. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is presently 0.2 days.

WEG Stock Performance

Shares of WEG stock opened at $7.42 on Friday. WEG has a 12-month low of $6.35 and a 12-month high of $9.96. The firm’s 50 day simple moving average is $6.82 and its two-hundred day simple moving average is $7.30.

WEG Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Monday, October 6th will be paid a dividend of $0.0136 per share. The ex-dividend date is Friday, October 3rd. This represents a yield of 163.0%. WEG’s dividend payout ratio is presently 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.