Weg S.A. (OTCMKTS:WEGZY) Sees Significant Increase in Short Interest

Weg S.A. (OTCMKTS:WEGZY) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 15,900 shares, a growth of 3,875.0% from the May 15th total of 400 shares. Based on an average daily trading volume, of 315,600 shares, the days-to-cover ratio is presently 0.1 days.

WEG Price Performance

WEGZY opened at $7.69 on Thursday. WEG has a 12-month low of $6.76 and a 12-month high of $10.36. The business’s fifty day simple moving average is $7.76 and its 200-day simple moving average is $8.45.

WEG Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, March 31st will be given a dividend of $0.0142 per share. This is an increase from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, March 31st. WEG’s dividend payout ratio 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.