Magazine Luiza S.A. (OTCMKTS:MGLUY) Sees Large Increase in Short Interest

Magazine Luiza S.A. (OTCMKTS:MGLUY) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 757 shares, a growth of 79.0% from the May 31st total of 423 shares. Based on an average trading volume of 359 shares, the short-interest ratio is presently 2.1 days.

Magazine Luiza Price Performance

Shares of MGLUY opened at $3.35 on Thursday. The firm has a 50-day moving average of $5.07 and a 200-day moving average of $6.38. Magazine Luiza has a one year low of $3.25 and a one year high of $8.58.

Analyst Ratings Changes

Separately, Citigroup upgraded Magazine Luiza to a “neutral” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Magazine Luiza currently has a consensus rating of “Hold”.

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.