Short Interest in Weg S.A. (OTCMKTS:WEGZY) Declines By 94.4%

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a decrease of 94.4% from the February 13th total of 1,800 shares. Based on an average daily volume of 72,300 shares, the short-interest ratio is currently 0.0 days.

WEG Stock Performance

OTCMKTS WEGZY traded up $0.05 during trading hours on Wednesday, hitting $7.95. 77,003 shares of the company’s stock traded hands, compared to its average volume of 72,528. WEG has a 52 week low of $6.92 and a 52 week high of $10.36. The business’s fifty day moving average price is $8.91 and its two-hundred day moving average price is $9.32.

WEG Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 10th will be given a dividend of $0.0084 per share. This is an increase from WEG’s previous dividend of $0.01. The ex-dividend date is Monday, March 10th. WEG’s payout ratio is presently 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.