Legend Power Systems Inc. (OTCMKTS:LPSIF) Sees Significant Growth in Short Interest

Legend Power Systems Inc. (OTCMKTS:LPSIF) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 27,700 shares, a growth of 112.0% from the May 14th total of 13,066 shares. Based on an average daily volume of 35,911 shares, the short-interest ratio is currently 0.8 days.

Legend Power Systems Stock Performance

Legend Power Systems stock remained flat at $0.09 during midday trading on Friday. 80,328 shares of the company’s stock traded hands, compared to its average volume of 13,922. Legend Power Systems has a 52 week low of $0.05 and a 52 week high of $0.17. The business has a 50-day moving average price of $0.07 and a 200 day moving average price of $0.07.

Legend Power Systems Company Profile

Legend Power Systems Inc develops and provides power quality and energy management solutions designed to optimize electricity distribution for utilities and industrial and commercial end users. The company’s core offering, the Adaptive Grid® system, combines advanced capacitive switching hardware with real-time monitoring and analytics to regulate voltage, manage reactive power, and improve overall grid efficiency. By deploying its patented voltage optimization technology on distribution feeders and in facility electrical systems, Legend Power Systems aims to enhance reliability, reduce energy consumption and lower operating costs.

Legend’s product line includes pole-mounted and pad-mounted switching devices, intelligent controllers, remote terminal units and power quality sensors.