Light S.A. (OTCMKTS:LGSXY) Sees Significant Growth in Short Interest

Light S.A. (OTCMKTS:LGSXY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,116 shares, a growth of 36.2% from the November 30th total of 3,022 shares. Based on an average daily trading volume, of 2,492 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 2,492 shares, the days-to-cover ratio is currently 1.7 days.

Light Trading Up 3.7%

Shares of OTCMKTS:LGSXY traded up $0.03 during midday trading on Tuesday, reaching $0.83. 20,464 shares of the company were exchanged, compared to its average volume of 12,284. Light has a fifty-two week low of $0.56 and a fifty-two week high of $1.59. The stock has a fifty day simple moving average of $0.98 and a two-hundred day simple moving average of $1.06.

Light Company Profile

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.