Short Interest in Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) Rises By 1,098.6%

Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 85,100 shares, a growth of 1,098.6% from the July 31st total of 7,100 shares. Based on an average trading volume of 532,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 26.8% of the company’s stock are short sold.

Lytus Technologies Holdings PTV. Stock Performance

NASDAQ:LYT opened at $1.80 on Wednesday. The firm has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $3.13. Lytus Technologies Holdings PTV. has a fifty-two week low of $1.40 and a fifty-two week high of $25.20.

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.