Weg S.A. (OTCMKTS:WEGZY) Short Interest Update

Weg S.A. (OTCMKTS:WEGZY) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 30,505 shares, a decline of 91.5% from the August 15th total of 357,537 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,808,228 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WEGZY shares. The Goldman Sachs Group raised WEG from a “sell” rating to a “neutral” rating in a report on Tuesday, July 28th. Zacks Research raised WEG to a “hold” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

WEG Stock Performance

WEGZY opened at $10.30 on Friday. WEG has a 1-year low of $6.57 and a 1-year high of $10.80. The firm has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $9.23.

WEG (OTCMKTS:WEGZY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, equities research analysts predict that WEG will post 0.31 earnings per share for the current year.

WEG Company Profile

WEG SA is a Brazilian industrial company that develops and manufactures electrical equipment and automation solutions. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, switchgear and other systems used in industrial, commercial, infrastructure and energy applications.

The company also produces industrial coatings, varnishes and related products, as well as equipment and solutions for power generation, transmission and distribution.