LSB Industries, Inc. (NYSE:LXU) Short Interest Update

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LSB Industries, Inc. (NYSE:LXU) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,194,300 shares, an increase of 30.4% from the May 30th total of 915,700 shares. Based on an average daily volume of 107,800 shares, the short-interest ratio is presently 11.1 days. Currently, 4.9% of the shares of the company are sold short.

Shares of NYSE:LXU traded down $0.17 during trading on Friday, hitting $3.31. 135,532 shares of the company were exchanged, compared to its average volume of 116,697. The firm has a market cap of $95.23 million, a P/E ratio of -0.95 and a beta of 4.27. The firm’s 50 day moving average is $3.64. LSB Industries has a 52-week low of $3.12 and a 52-week high of $10.00. The company has a current ratio of 1.34, a quick ratio of 1.03 and a debt-to-equity ratio of 1.29.

LSB Industries (NYSE:LXU) last posted its earnings results on Tuesday, April 30th. The conglomerate reported ($0.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.71) by $0.02. The firm had revenue of $94.15 million for the quarter. LSB Industries had a negative return on equity of 22.24% and a negative net margin of 21.02%. On average, analysts anticipate that LSB Industries will post -2.88 earnings per share for the current fiscal year.

Several brokerages have weighed in on LXU. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday.

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of LSB Industries by 8.4% during the fourth quarter. Bank of America Corp DE now owns 41,312 shares of the conglomerate’s stock worth $228,000 after acquiring an additional 3,187 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of LSB Industries by 331.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,498 shares of the conglomerate’s stock worth $28,000 after buying an additional 3,456 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of LSB Industries in the fourth quarter worth $32,000. Bank of New York Mellon Corp raised its position in shares of LSB Industries by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 243,612 shares of the conglomerate’s stock worth $1,345,000 after buying an additional 6,585 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of LSB Industries by 14.9% in the fourth quarter. California Public Employees Retirement System now owns 52,184 shares of the conglomerate’s stock worth $288,000 after buying an additional 6,783 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.

LSB Industries Company Profile

LSB Industries, Inc manufactures and sells chemical products for the agricultural, mining, and industrial markets in the United States. It provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications.

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