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

Light S.A. (OTCMKTS:LGSXY) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 1,158 shares, an increase of 2,044.4% from the August 15th total of 54 shares. Based on an average trading volume of 6,166 shares, the days-to-cover ratio is presently 0.2 days.

Light Price Performance

Shares of LGSXY remained flat at $1.26 during mid-day trading on Thursday. 35 shares of the company traded hands, compared to its average volume of 18,251. Light has a 52-week low of $0.01 and a 52-week high of $4.00. The firm’s fifty day simple moving average is $1.10 and its 200 day simple moving average is $0.88.

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.