Legend Power Systems Inc. (OTCMKTS:LPSIF) Sees Significant Decline in Short Interest

Legend Power Systems Inc. (OTCMKTS:LPSIF) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 23,906 shares, a decline of 58.6% from the September 15th total of 57,689 shares. Based on an average trading volume of 4,629 shares, the short-interest ratio is currently 5.2 days.

Legend Power Systems Price Performance

Shares of OTCMKTS LPSIF traded down $0.01 during mid-day trading on Wednesday, reaching $0.09. The company’s stock had a trading volume of 51,000 shares, compared to its average volume of 19,304. The stock has a 50-day moving average of $0.13 and a two-hundred day moving average of $0.10. Legend Power Systems has a 1-year low of $0.05 and a 1-year high of $0.22.

About Legend Power Systems

Legend Power Systems Inc is a Canadian energy-technology company that develops solutions designed to improve the efficiency and electrical performance of commercial and institutional buildings. Its systems are intended to help building owners manage electricity use, reduce energy waste and support sustainability initiatives.

The company’s primary product is the SmartGATE system, a power-management platform installed at a building’s electrical service entrance. SmartGATE monitors and regulates incoming voltage and other electrical conditions, with the goal of optimizing the power delivered to building equipment, improving power quality and reducing unnecessary energy consumption.