Light S.A. (OTCMKTS:LGSXY – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 126,862 shares, a growth of 2,161.0% from the April 30th total of 5,611 shares. Based on an average trading volume of 28,180 shares, the days-to-cover ratio is presently 4.5 days.
Light Stock Down 28.6%
Shares of LGSXY stock traded down $0.18 on Friday, reaching $0.45. The company had a trading volume of 9,633 shares, compared to its average volume of 6,320. Light has a one year low of $0.41 and a one year high of $1.59. The business’s 50-day moving average is $0.88 and its 200 day moving average is $0.90.
About Light
Light SA, trading over-the-counter as LGSXY, is a Brazil-based integrated electric utility primarily active in the state of Rio de Janeiro. The company holds long-term distribution concessions covering dozens of municipalities, supplying power to millions of residential, commercial and industrial customers. Headquartered in Rio de Janeiro city, Light maintains a network of high- and medium-voltage lines, substations and metering infrastructure to ensure reliable service across its concession area.
In addition to its core distribution business, Light develops and operates a portfolio of hydroelectric generation assets located in southeastern Brazil.
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