Weg S.A. (OTCMKTS:WEGZY) Short Interest Down 94.4% in February

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a decrease of 94.4% from the February 13th total of 1,800 shares. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is currently 0.0 days.

WEG Stock Performance

OTCMKTS:WEGZY opened at $8.11 on Friday. The company’s 50-day simple moving average is $8.88 and its 200-day simple moving average is $9.30. WEG has a fifty-two week low of $6.92 and a fifty-two week high of $10.36.

WEG Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 10th will be issued a $0.0084 dividend. This is a positive change from WEG’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, March 10th. WEG’s payout ratio is currently 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.