Light S.A. (OTCMKTS:LGSXY) Sees Large Growth in Short Interest
by Amy Steele · The Cerbat GemLight S.A. (OTCMKTS:LGSXY – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 126,862 shares, a growth of 2,161.0% from the April 30th total of 5,611 shares. Based on an average daily volume of 28,180 shares, the days-to-cover ratio is currently 4.5 days.
Light Price Performance
Shares of OTCMKTS:LGSXY remained flat at $0.45 during trading on Wednesday. The company’s stock had a trading volume of 13,204 shares, compared to its average volume of 6,353. Light has a 52-week low of $0.41 and a 52-week high of $1.59. The firm has a fifty day simple moving average of $0.88 and a two-hundred day simple moving average of $0.91.
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.