Light S.A. (OTCMKTS:LGSXY) Short Interest Up 182.5% in February

Light S.A. (OTCMKTS:LGSXY) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 17,800 shares, a growth of 182.5% from the January 31st total of 6,300 shares. Based on an average daily volume of 27,800 shares, the short-interest ratio is presently 0.6 days.

Light Price Performance

Shares of OTCMKTS:LGSXY traded down $0.01 during midday trading on Friday, hitting $0.65. The company had a trading volume of 555 shares, compared to its average volume of 6,554. Light has a twelve month low of $0.56 and a twelve month high of $1.56. The business’s 50-day simple moving average is $0.71 and its 200-day simple moving average is $0.93.

Light Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 9th. Shareholders of record on Tuesday, December 3rd were paid a $0.0007 dividend. This represents a dividend yield of 0.08%. The ex-dividend date was Monday, December 2nd. Light’s dividend payout ratio (DPR) is presently 106.20%.

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.