Weg S.A. (OTCMKTS:WEGZY) Short Interest Up 441.5% in June

Weg S.A. (OTCMKTS:WEGZY) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 35,953 shares, an increase of 441.5% from the June 15th total of 6,639 shares. Based on an average trading volume of 139,254 shares, the days-to-cover ratio is currently 0.3 days.

WEG Stock Performance

WEGZY stock opened at $9.06 on Monday. The business has a 50 day moving average price of $8.78 and a 200 day moving average price of $9.24. WEG has a fifty-two week low of $6.35 and a fifty-two week high of $10.80.

WEG Company Profile

WEG SA, trading in the U.S. over-the-counter as WEGZY, is a Brazilian multinational corporation specializing in the manufacture and distribution of electric motors, automation technologies and power generation equipment. The company’s portfolio spans low-, medium- and high-voltage electric machines, variable frequency drives and control systems designed for a wide array of industrial applications. WEG also offers transformer solutions and integrated automation products that support sectors including oil and gas, mining, pulp and paper, and infrastructure.

Founded in 1961 in Jaraguá do Sul, Brazil, WEG has grown from a small electric motor shop into one of the world’s largest industrial equipment manufacturers.