Short Interest in Legend Power Systems Inc. (OTCMKTS:LPSIF) Expands By 112.0%

Legend Power Systems Inc. (OTCMKTS:LPSIF) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 27,700 shares, an increase of 112.0% from the May 14th total of 13,066 shares. Based on an average trading volume of 35,911 shares, the short-interest ratio is currently 0.8 days.

Legend Power Systems Price Performance

Shares of OTCMKTS LPSIF remained flat at $0.09 during mid-day trading on Friday. The company had a trading volume of 80,328 shares, compared to its average volume of 13,922. The stock’s fifty day moving average price is $0.07 and its 200 day moving average price is $0.07. Legend Power Systems has a 52-week low of $0.05 and a 52-week high of $0.17.

Legend Power Systems Company Profile

Legend Power Systems Inc develops and provides power quality and energy management solutions designed to optimize electricity distribution for utilities and industrial and commercial end users. The company’s core offering, the Adaptive Grid® system, combines advanced capacitive switching hardware with real-time monitoring and analytics to regulate voltage, manage reactive power, and improve overall grid efficiency. By deploying its patented voltage optimization technology on distribution feeders and in facility electrical systems, Legend Power Systems aims to enhance reliability, reduce energy consumption and lower operating costs.

Legend’s product line includes pole-mounted and pad-mounted switching devices, intelligent controllers, remote terminal units and power quality sensors.