Short Interest in Weg S.A. (OTCMKTS:WEGZY) Expands By 180.9%

Weg S.A. (OTCMKTS:WEGZY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 51,400 shares, a growth of 180.9% from the December 31st total of 18,300 shares. Based on an average daily volume of 64,300 shares, the days-to-cover ratio is presently 0.8 days.

WEG Stock Performance

Shares of WEGZY traded up $0.21 during midday trading on Wednesday, hitting $9.17. 43,305 shares of the stock traded hands, compared to its average volume of 95,447. WEG has a 1-year low of $6.31 and a 1-year high of $10.36. The business’s 50 day moving average price is $9.12 and its two-hundred day moving average price is $9.34.

WEG Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.0084 per share. This is a positive change from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, December 30th. WEG’s dividend payout ratio (DPR) is 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.