Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 58.6% in August

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 29,200 shares, a decline of 58.6% from the July 31st total of 70,600 shares. Based on an average daily volume of 96,600 shares, the days-to-cover ratio is currently 0.3 days.

WEG Stock Performance

WEGZY opened at $9.44 on Friday. The business has a fifty day moving average of $8.59 and a 200 day moving average of $7.85. WEG has a 52-week low of $5.93 and a 52-week high of $10.13.

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.