Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) Short Interest Up 480.3% in December

Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 123,600 shares, an increase of 480.3% from the December 15th total of 21,300 shares. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 20.0% of the shares of the stock are short sold.

Lytus Technologies Holdings PTV. Stock Performance

Shares of NASDAQ LYT traded down $0.00 during midday trading on Monday, reaching $0.71. The company’s stock had a trading volume of 236,246 shares, compared to its average volume of 665,049. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.05. Lytus Technologies Holdings PTV. has a one year low of $0.67 and a one year high of $18.62. The company has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.71.

Lytus Technologies Holdings PTV. Company Profile

Lytus Technologies Holdings PTV. Ltd. operates as a platform services company in India. The company engages in the distribution of linear content streaming/telecasting services; and development of telemedicine products. Lytus Technologies Holdings PTV. Ltd. was incorporated in 2020 and is based in Dubai, the United Arab Emirates.