Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 55.5% in December

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 18,300 shares, a decrease of 55.5% from the November 30th total of 41,100 shares. Based on an average trading volume of 69,800 shares, the days-to-cover ratio is currently 0.3 days.

WEG Stock Down 2.5 %

WEG stock opened at $8.81 on Friday. The company has a fifty day simple moving average of $9.38 and a 200 day simple moving average of $9.09. WEG has a 1-year low of $6.31 and a 1-year high of $10.36.

WEG Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, December 30th will be given a $0.0084 dividend. The ex-dividend date is Monday, December 30th. This is an increase from WEG’s previous dividend of $0.01. WEG’s dividend payout ratio (DPR) is 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.