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

Light S.A. (OTCMKTS:LGSXY) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,800 shares, a drop of 22.4% from the December 31st total of 4,900 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 2.4 days.

Light Stock Performance

Shares of LGSXY stock opened at $0.65 on Friday. Light has a 12-month low of $0.59 and a 12-month high of $1.56. The firm’s 50 day moving average is $0.73 and its 200 day moving average is $0.94.

Light Announces Dividend

The business also recently announced 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 of this dividend 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.