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

Weg S.A. (OTCMKTS:WEGZY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 241,883 shares, a growth of 692.9% from the August 31st total of 30,505 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,547,383 shares, the short-interest ratio is currently 0.2 days.

WEG Trading Down 0.7%

Shares of WEG stock traded down $0.07 on Thursday, hitting $9.86. 32,443 shares of the company’s stock traded hands, compared to its average volume of 230,578. The company has a fifty day moving average of $9.58 and a two-hundred day moving average of $9.26. WEG has a one year low of $6.57 and a one year high of $10.80. The company has a market capitalization of $41.40 billion and a price-to-earnings ratio of 35.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.59 and a quick ratio of 1.02.

WEG (OTCMKTS:WEGZY) last issued its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. WEG had a return on equity of 31.02% and a net margin of 15.58%.The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. As a group, sell-side analysts expect that WEG will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.