Legend Power Systems Inc. (OTCMKTS:LPSIF) Short Interest Down 45.1% in May

Legend Power Systems Inc. (OTCMKTS:LPSIF) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 13,066 shares, a decline of 45.1% from the April 30th total of 23,801 shares. Based on an average daily volume of 12,190 shares, the days-to-cover ratio is currently 1.1 days.

Legend Power Systems Stock Performance

Shares of Legend Power Systems stock opened at $0.09 on Thursday. The stock has a 50 day moving average price of $0.07 and a 200-day moving average price of $0.07. Legend Power Systems has a one year low of $0.05 and a one year high of $0.17.

About Legend Power Systems

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.