Short Interest in Light S.A. (OTCMKTS:LGSXY) Expands By 65.8%

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

Light Stock Performance

Shares of OTCMKTS:LGSXY traded up $0.03 during midday trading on Friday, hitting $0.72. 4,864 shares of the company’s stock traded hands, compared to its average volume of 9,176. The firm’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $0.93. Light has a twelve month low of $0.56 and a twelve month high of $1.56.

Light Dividend Announcement

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

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.