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

Light S.A. (OTCMKTS:LGSXY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,800 shares, an increase of 1,700.0% from the August 15th total of 100 shares. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is currently 0.2 days.

Light Stock Down 2.2 %

Light stock traded down $0.03 during trading hours on Friday, hitting $1.36. The company had a trading volume of 463 shares, compared to its average volume of 13,750. The firm’s fifty day moving average is $1.00 and its 200-day moving average is $1.00. Light has a fifty-two week low of $0.74 and a fifty-two week high of $1.60.

About Light

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.