Light S.A. (OTCMKTS:LGSXY) Short Interest Up 65.8% in January

Light S.A. (OTCMKTS:LGSXY) saw 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 short-interest ratio is currently 1.8 days.

Light Stock Performance

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

Light Dividend Announcement

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