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

Weg S.A. (OTCMKTS:WEGZY) saw a large growth in short interest during 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. Based on an average trading volume of 1,547,383 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WEGZY shares. Zacks Research raised WEG to a “hold” rating in a report on Tuesday, July 21st. The Goldman Sachs Group upgraded WEG from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, WEG currently has an average rating of “Hold”.

WEG Trading Down 0.7%

Shares of WEGZY stock traded down $0.07 during trading hours on Thursday, hitting $9.86. 32,443 shares of the company’s stock traded hands, compared to its average volume of 230,578. The stock has a market cap of $41.40 billion and a PE ratio of 35.23. The stock’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $9.26. The company has a quick ratio of 1.02, a current ratio of 1.59 and a debt-to-equity ratio of 0.12. WEG has a 12 month low of $6.57 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 for the quarter, hitting the consensus estimate of $0.07. WEG had a net margin of 15.58% and a return on equity of 31.02%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. On average, sell-side analysts anticipate that WEG will post 0.3 EPS for the current year.

About WEG

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.