Light S.A. (OTCMKTS:LGSXY) Short Interest Up 750.0% in March

Light S.A. (OTCMKTS:LGSXY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,700 shares, an increase of 750.0% from the March 15th total of 200 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 0.3 days.

Light Price Performance

Shares of OTCMKTS:LGSXY opened at $0.71 on Tuesday. The company’s fifty day moving average is $0.75 and its two-hundred day moving average is $0.81. Light has a 12-month low of $0.56 and a 12-month high of $1.56.

Light Company Profile

Light SA, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electric power in Brazil. The company distributes electricity in the state of Rio de Janeiro. It also engages in the research, planning, building, operation, and exploration of generation and transmission systems; purchase, sale, import, and export of electric and thermal power, and gas and industrial utilities; provision of consulting services in the energy sector; lease of real estate and personal properties; acquisition and sale of goods related to the studies and projects; implementation, operation, and maintenance of construction works and facilities; and trading activities.