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

Weg S.A. (OTCMKTS:WEGZY – Get Rating) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 63,600 shares, a growth of 25.4% from the April 15th total of 50,700 shares. Based on an average trading volume of 29,400 shares, the short-interest ratio is presently 2.2 days.

WEG Stock Performance

WEGZY opened at $8.33 on Friday. WEG has a fifty-two week low of $4.41 and a fifty-two week high of $10.00. The company’s 50-day moving average is $7.94 and its 200 day moving average is $7.62.

WEG Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, August 23rd. Investors of record on Monday, March 27th will be given a $0.0066 dividend. This represents a yield of 1.06%. The ex-dividend date is Friday, March 24th. WEG’s payout ratio is currently 24.44%.

About WEG

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WEG SA engages in the production and trade of capital goods such as electric motors, generators and transformers, gear units, and geared motors. It operates through the Brazil and Foreign segments. The Brazil segment covers industry and energy operations which include distribution of single phase and triple phase motors, equipment and services for industrial automation, paints, and varnishes.