Light S.A. (OTCMKTS:LGSXY – Get Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 54 shares, a decline of 70.8% from the July 30th total of 185 shares. Based on an average daily volume of 1,847 shares, the days-to-cover ratio is presently 0.0 days.
Light Stock Up 9.6%
Shares of Light stock traded up $0.11 on Thursday, hitting $1.28. 284 shares of the company’s stock traded hands, compared to its average volume of 19,545. The company has a fifty day moving average of $0.92 and a two-hundred day moving average of $0.85. Light has a one year low of $0.01 and a one year high of $4.00.
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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