Light S.A. (OTCMKTS:LGSXY – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 1,158 shares, an increase of 2,044.4% from the August 15th total of 54 shares. Based on an average daily volume of 6,166 shares, the short-interest ratio is presently 0.2 days.
Light Price Performance
Shares of OTCMKTS:LGSXY traded up $0.10 during midday trading on Friday, hitting $1.35. The stock had a trading volume of 400 shares, compared to its average volume of 18,059. Light has a 12 month low of $0.01 and a 12 month high of $4.00. The business’s 50-day simple moving average is $1.12 and its 200-day simple moving average is $0.89.
About Light
Light SA, trading over-the-counter as LGSXY, is a Brazil-based integrated electric utility primarily active in the state of Rio de Janeiro. The company holds long-term distribution concessions covering dozens of municipalities, supplying power to millions of residential, commercial and industrial customers. Headquartered in Rio de Janeiro city, Light maintains a network of high- and medium-voltage lines, substations and metering infrastructure to ensure reliable service across its concession area.
In addition to its core distribution business, Light develops and operates a portfolio of hydroelectric generation assets located in southeastern Brazil.
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