Light S.A. (OTCMKTS:LGSXY) Short Interest Update

Light S.A. (OTCMKTS:LGSXY) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 6,300 shares, an increase of 65.8% from the January 15th total of 3,800 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 1.8 days.

Light Stock Down 10.5 %

Shares of LGSXY stock opened at $0.60 on Thursday. Light has a 1-year low of $0.56 and a 1-year high of $1.56. The business’s fifty day moving average price is $0.72 and its 200 day moving average price is $0.93.

Light Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 9th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0007 per share. This represents a yield of 0.08%. The ex-dividend date was Monday, December 2nd. Light’s dividend payout ratio is currently 106.20%.

About Light

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.