Light S.A. (OTCMKTS:LGSXY) Stock Short Interest Drops 99.9%

Light S.A. (OTCMKTS:LGSXY) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 1 shares, a decline of 99.9% from the September 30th total of 1,106 shares. Based on an average daily volume of 3,091 shares, the days-to-cover ratio is presently 0.0 days.

Light Price Performance

OTCMKTS LGSXY traded down $0.25 during mid-day trading on Monday, reaching $0.98. The stock had a trading volume of 2,166 shares, compared to its average volume of 15,742. The company has a fifty day moving average price of $1.26 and a 200 day moving average price of $0.95. Light has a 1 year low of $0.01 and a 1 year high of $4.00.

About Light

Light SA is a Brazilian electric utility focused primarily on the distribution of electricity in the state of Rio de Janeiro. Through its distribution operations, the company supplies residential, commercial and industrial customers in the city of Rio de Janeiro and surrounding municipalities.

The company has also historically operated in electricity generation and related energy activities through subsidiaries and affiliated businesses. Its generation portfolio has included hydroelectric assets, while its broader operations have included energy trading and other services connected to the Brazilian power market.

Light traces its operating history to the development of electric infrastructure in Rio de Janeiro and has remained a significant participant in Brazil’s electricity sector.