Weg S.A. (OTCMKTS:WEGZY – Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 51,400 shares, an increase of 180.9% from the December 15th total of 18,300 shares. Based on an average daily volume of 64,300 shares, the short-interest ratio is currently 0.8 days.
WEG Trading Down 0.5 %
Shares of WEGZY opened at $8.78 on Wednesday. WEG has a 12 month low of $6.31 and a 12 month high of $10.36. The stock has a fifty day moving average price of $9.19 and a 200-day moving average price of $9.25.
WEG Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, December 30th will be issued a $0.0084 dividend. The ex-dividend date is Monday, December 30th. This is an increase from WEG’s previous dividend of $0.01. WEG’s dividend payout ratio (DPR) 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.
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