Short Interest in Magazine Luiza S.A. (OTC:MGLUY) Decreases By 33.3%

Magazine Luiza S.A. (OTC:MGLUY) saw a large decrease in short interest in July. As of July 15th, there was short interest totalling 200 shares, a decrease of 33.3% from the June 30th total of 300 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 0.7 days.

Magazine Luiza Stock Performance

MGLUY opened at $5.58 on Thursday. Magazine Luiza has a fifty-two week low of $4.04 and a fifty-two week high of $8.77. The company’s 50-day moving average is $6.66 and its 200 day moving average is $6.12.

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.