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

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

Lytus Technologies Holdings PTV. Price Performance

Shares of NASDAQ:LYT traded down $0.00 during trading hours on Monday, hitting $0.71. The stock had a trading volume of 236,246 shares, compared to its average volume of 665,049. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day simple moving average is $1.29 and its 200 day simple moving average is $1.71. Lytus Technologies Holdings PTV. has a 1-year low of $0.67 and a 1-year high of $18.62.

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.