Magazine Luiza S.A. (OTCMKTS:MGLUY – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 5,579 shares, a growth of 335.5% from the June 30th total of 1,281 shares. Based on an average trading volume of 1,908 shares, the short-interest ratio is currently 2.9 days.
Analyst Ratings Changes
Separately, Citigroup raised shares of Magazine Luiza to a “neutral” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Report on Magazine Luiza
Magazine Luiza Stock Performance
About Magazine Luiza
Magazine Luiza SA engages in the retail sale of consumer goods. It operates through Retail, Financial Operations, Insurance Operations, and Other Services segments. The company also grants credit and provides extended warranties for its products. In addition, it is involved in the provision of consortium and management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services. Further, the company provides integration, logistics, and technological solutions, as well as resale goods and provision of services in the stores, electronic and food delivery management platform.
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