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 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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