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

Light S.A. (OTCMKTS:LGSXY) saw a large growth in short interest in the month of 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 trading volume of 27,800 shares, the short-interest ratio is currently 0.6 days.

Light Stock Performance

Shares of LGSXY traded down $0.01 during trading hours on Friday, reaching $0.65. The company had a trading volume of 555 shares, compared to its average volume of 6,554. The firm has a 50 day simple moving average of $0.71 and a 200-day simple moving average of $0.92. 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.