Magazine Luiza S.A. (OTCMKTS:MGLUY) Short Interest Up ∞ in May

Magazine Luiza S.A. (OTCMKTS:MGLUY) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 408 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 357 shares, the short-interest ratio is currently 1.1 days.

Magazine Luiza Stock Performance

Shares of OTCMKTS:MGLUY remained flat at $5.27 during mid-day trading on Monday. The company had a trading volume of 53 shares, compared to its average volume of 296. The business has a 50-day moving average of $6.41 and a 200 day moving average of $6.92. Magazine Luiza has a 12 month low of $4.57 and a 12 month high of $8.58.

Magazine Luiza Company Profile

Magazine Luiza SA engages in the retail sale of consumer goods. It operates through Retail, Financial Operations, Insurance Operations, and Other Services segments. The company also grants credit and provides extended warranties for its products. In addition, it is involved in the provision of consortium and management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services. Further, the company provides integration, logistics, and technological solutions, as well as resale goods and provision of services in the stores, electronic and food delivery management platform.