Weg S.A. (OTCMKTS:WEGZY) Short Interest Up 2,400.0% in March

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 117,200 shares, the days-to-cover ratio is presently 0.0 days.

WEG Trading Up 0.2 %

WEGZY opened at $8.06 on Friday. WEG has a one year low of $6.92 and a one year high of $10.36. The business’s 50 day moving average price is $8.74 and its 200 day moving average price is $9.20.

WEG Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, March 31st will be paid a $0.0142 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from WEG’s previous dividend of $0.01. WEG’s dividend payout ratio is 24.44%.

About WEG

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.