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

Weg S.A. (OTCMKTS:WEGZY) saw a significant growth in short interest in 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 trading volume of 64,300 shares, the short-interest ratio is presently 0.8 days.

WEG Price Performance

OTCMKTS:WEGZY traded up $0.21 during mid-day trading on Wednesday, hitting $9.17. 43,305 shares of the company’s stock traded hands, compared to its average volume of 95,447. The firm has a 50 day moving average of $9.12 and a two-hundred day moving average of $9.34. WEG has a 12 month low of $6.31 and a 12 month high of $10.36.

WEG Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, December 30th will be given a dividend of $0.0084 per share. The ex-dividend date is Monday, December 30th. This is a positive change from WEG’s previous dividend of $0.01. WEG’s payout ratio 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.