Light S.A. (OTCMKTS:LGSXY) Sees Large Growth in Short Interest

Light S.A. (OTCMKTS:LGSXY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,700 shares, a growth of 750.0% from the March 15th total of 200 shares. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is presently 0.3 days.

Light Price Performance

Shares of LGSXY stock traded up $0.02 during trading hours on Monday, reaching $0.71. The stock had a trading volume of 13,786 shares, compared to its average volume of 18,148. The stock’s fifty day simple moving average is $0.75 and its 200 day simple moving average is $0.82. Light has a 12 month low of $0.56 and a 12 month high of $1.56.

Light Company Profile

Light SA, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric power in Brazil. The company distributes electricity in the state of Rio de Janeiro. It also engages in the research, planning, building, operation, and exploration of generation and transmission systems; purchase, sale, import, and export of electric and thermal power, and gas and industrial utilities; provision of consulting services in the energy sector; lease of real estate and personal properties; acquisition and sale of goods related to the studies and projects; implementation, operation, and maintenance of construction works and facilities; and trading activities.