Weg S.A. (OTCMKTS:WEGZY – Get Free Report) was the target of a significant 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. Based on an average trading volume of 2,808,228 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
WEGZY has been the subject of several research analyst reports. The Goldman Sachs Group upgraded WEG from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 28th. Zacks Research raised WEG to a “hold” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on WEG
WEG Stock Down 1.6%
WEG (OTCMKTS:WEGZY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Sell-side analysts predict that WEG will post 0.31 earnings per share 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.
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