Weg S.A. (OTCMKTS:WEGZY) Short Interest Update

Weg S.A. (OTCMKTS:WEGZYGet Rating) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 174,800 shares, an increase of 517.7% from the March 15th total of 28,300 shares. Based on an average daily volume of 69,600 shares, the short-interest ratio is currently 2.5 days.

WEG stock traded down $0.30 during midday trading on Tuesday, reaching $7.07. The company had a trading volume of 20,166 shares, compared to its average volume of 182,301. WEG has a 12-month low of $4.99 and a 12-month high of $7.90. The firm’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $6.41.

The company also recently announced a dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Monday, April 4th will be given a $0.0049 dividend. The ex-dividend date is Friday, April 1st. This represents a dividend yield of 1.07%.

WEG Company Profile (Get Rating)

WEG SA engages in the production and trade 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 and industrial automation; power sockets and switches; and electric traction solutions for heavy vehicles, utility vehicles and locomotives, and urban and sea transportation.

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