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

LSB Industries, Inc. (NYSE:LXU) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,850,000 shares, a decline of 19.2% from the August 31st total of 2,290,000 shares. Based on an average daily trading volume, of 338,600 shares, the short-interest ratio is presently 5.5 days.

LSB Industries Stock Performance

NYSE:LXU traded up $0.04 during midday trading on Friday, reaching $7.99. 255,604 shares of the company traded hands, compared to its average volume of 401,458. LSB Industries has a twelve month low of $6.74 and a twelve month high of $10.59. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.41 and a quick ratio of 3.19. The company has a fifty day moving average price of $7.92 and a 200 day moving average price of $8.30. The firm has a market capitalization of $571.64 million, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 1.43 and a beta of 0.83.

LSB Industries (NYSE:LXU) last released its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. LSB Industries had a net margin of 0.40% and a return on equity of 1.29%. The business had revenue of $140.07 million during the quarter, compared to analyst estimates of $147.09 million. On average, analysts expect that LSB Industries will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On LSB Industries

Several large investors have recently made changes to their positions in LXU. nVerses Capital LLC acquired a new position in shares of LSB Industries during the second quarter valued at $34,000. Bayesian Capital Management LP acquired a new position in LSB Industries during the 1st quarter valued at about $97,000. Squarepoint Ops LLC bought a new stake in shares of LSB Industries during the 2nd quarter worth about $116,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of LSB Industries during the 2nd quarter worth about $118,000. Finally, Comerica Bank acquired a new stake in shares of LSB Industries in the 1st quarter worth approximately $210,000. Institutional investors and hedge funds own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Piper Sandler increased their price objective on shares of LSB Industries from $8.80 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of LSB Industries in a report on Monday, August 12th. Finally, UBS Group reduced their target price on LSB Industries from $9.25 to $8.75 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.69.

LSB Industries Company Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.