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

Weg S.A. (OTCMKTS:WEGZY) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 37,882 shares, a drop of 84.3% from the September 15th total of 241,883 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 865,278 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

WEG Price Performance

Shares of OTCMKTS:WEGZY opened at $10.23 on Monday. The business has a 50-day moving average price of $9.79 and a 200 day moving average price of $9.33. The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $42.94 billion and a price-to-earnings ratio of 36.54. WEG has a 12-month low of $6.61 and a 12-month high of $10.80.

WEG (OTCMKTS:WEGZY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. WEG had a net margin of 15.58% and a return on equity of 31.02%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Sell-side analysts expect that WEG will post 0.30 EPS for the current year.

WEG Company Profile

WEG SA is a Brazil-based industrial company that develops and manufactures electrical equipment, systems and technologies for industrial, commercial and infrastructure applications. Its product portfolio includes electric motors, generators, alternators, transformers, drives, controls, automation equipment and solutions for electrical power transmission and distribution.

The company also produces industrial coatings, paints and varnishes, as well as equipment and systems used in renewable energy, including wind and solar power applications.