Weg S.A. (OTCMKTS:WEGZY) Short Interest Update
by Michael Walen · The Markets DailyWeg S.A. (OTCMKTS:WEGZY – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 6,639 shares, a decline of 88.3% from the May 31st total of 56,522 shares. Based on an average trading volume of 236,968 shares, the days-to-cover ratio is presently 0.0 days.
WEG Stock Down 1.5%
WEGZY opened at $8.96 on Friday. WEG has a 52-week low of $6.35 and a 52-week high of $10.80. The firm’s fifty day simple moving average is $8.94 and its two-hundred day simple moving average is $9.25.
About WEG
WEG SA, trading in the U.S. over-the-counter as WEGZY, is a Brazilian multinational corporation specializing in the manufacture and distribution of electric motors, automation technologies and power generation equipment. The company’s portfolio spans low-, medium- and high-voltage electric machines, variable frequency drives and control systems designed for a wide array of industrial applications. WEG also offers transformer solutions and integrated automation products that support sectors including oil and gas, mining, pulp and paper, and infrastructure.
Founded in 1961 in Jaraguá do Sul, Brazil, WEG has grown from a small electric motor shop into one of the world’s largest industrial equipment manufacturers.