Weg S.A. (OTCMKTS:WEGZY) Sees Large Decline in Short Interest

Weg S.A. (OTCMKTS:WEGZY) was the target of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 29,200 shares, a decline of 58.6% from the July 31st total of 70,600 shares. Based on an average daily trading volume, of 96,600 shares, the short-interest ratio is presently 0.3 days.

WEG Price Performance

OTCMKTS:WEGZY traded down $0.10 on Thursday, reaching $9.66. 27,629 shares of the company’s stock traded hands, compared to its average volume of 74,889. WEG has a 12 month low of $5.93 and a 12 month high of $10.13. The stock has a 50-day simple moving average of $8.59 and a 200-day simple moving average of $7.85.

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.