Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sees Large Increase in Short Interest

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 638,500 shares, a growth of 9.7% from the July 31st total of 582,300 shares. Based on an average trading volume of 403,400 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mak Capital One LLC raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 153.2% during the second quarter. Mak Capital One LLC now owns 1,823,913 shares of the company’s stock valued at $12,330,000 after purchasing an additional 1,103,515 shares during the period. Capital International Investors increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% in the 1st quarter. Capital International Investors now owns 7,681,037 shares of the company’s stock valued at $51,309,000 after buying an additional 304,584 shares in the last quarter. Ping Capital Management Inc. acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth approximately $703,000. Liontrust Investment Partners LLP bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter worth approximately $270,000. Finally, Truist Financial Corp acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter valued at approximately $200,000. 19.32% of the stock is owned by institutional investors.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Up 1.3 %

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded up $0.09 on Friday, hitting $7.09. 524,348 shares of the company’s stock traded hands, compared to its average volume of 484,209. The company has a fifty day moving average of $6.71 and a two-hundred day moving average of $6.90. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a one year low of $5.64 and a one year high of $7.87. The company has a market capitalization of $827.69 million, a price-to-earnings ratio of 17.29 and a beta of 1.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 0.35.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $153.80 million for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 9.15% and a net margin of 9.06%. As a group, sell-side analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.79 earnings per share for the current year.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.