Magazine Luiza S.A. (OTCMKTS:MGLUY) Sees Significant Growth in Short Interest

Magazine Luiza S.A. (OTCMKTS:MGLUY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 408 shares, an increase of ? from the April 30th total of 0 shares. Based on an average trading volume of 357 shares, the days-to-cover ratio is currently 1.1 days.

Magazine Luiza Price Performance

OTCMKTS:MGLUY remained flat at $5.27 on Wednesday. The company’s stock had a trading volume of 20 shares, compared to its average volume of 296. Magazine Luiza has a 52 week low of $4.57 and a 52 week high of $8.58. The firm’s 50-day simple moving average is $6.37 and its 200-day simple moving average is $6.91.

Magazine Luiza Company Profile

Magazine Luiza SA engages in the retail sale of consumer goods. It operates through Retail, Financial Operations, Insurance Operations, and Other Services segments. The company also grants credit and provides extended warranties for its products. In addition, it is involved in the provision of consortium and management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services. Further, the company provides integration, logistics, and technological solutions, as well as resale goods and provision of services in the stores, electronic and food delivery management platform.