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

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

Light Price Performance

Shares of LGSXY stock traded down $0.25 during trading hours on Monday, reaching $0.98. 2,166 shares of the stock were exchanged, compared to its average volume of 15,742. Light has a 12-month low of $0.01 and a 12-month high of $4.00. The company’s 50-day moving average price is $1.26 and its 200-day moving average price is $0.95.

Light Company Profile

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.