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

Light S.A. (OTCMKTS:LGSXY) was the recipient of a significant growth in short interest during 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 volume of 3,600 shares, the short-interest ratio is currently 1.8 days.

Light Stock Performance

Shares of Light stock traded up $0.03 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 50-day moving average is $0.71 and its 200 day moving average is $0.93. Light has a 52-week low of $0.56 and a 52-week high of $1.56.

Light Dividend Announcement

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