Short Interest in Magazine Luiza S.A. (OTCMKTS:MGLUY) Increases By 79.0%

Magazine Luiza S.A. (OTCMKTS:MGLUY) saw a large growth in short interest in the month of 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 daily trading volume, of 359 shares, the short-interest ratio is presently 2.1 days.

Magazine Luiza Price Performance

Magazine Luiza stock opened at $3.33 on Friday. The company has a fifty day simple moving average of $4.91 and a 200-day simple moving average of $6.33. Magazine Luiza has a 12-month low of $3.25 and a 12-month high of $8.58.

Analyst Ratings Changes

Separately, Citigroup upgraded Magazine Luiza to a “neutral” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

About Magazine Luiza

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.