Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 61.0% in September

Weg S.A. (OTCMKTS:WEGZY) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 12,700 shares, a decrease of 61.0% from the September 15th total of 32,600 shares. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is presently 0.2 days.

WEG Trading Down 0.3%

WEGZY stock opened at $7.40 on Tuesday. The company has a 50 day simple moving average of $6.83 and a 200 day simple moving average of $7.29. WEG has a 1 year low of $6.35 and a 1 year high of $9.96.

WEG Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, October 6th will be paid a $0.0136 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a dividend yield of 163.0%. WEG’s payout ratio is currently 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.