Short Interest in LSB Industries, Inc. (NYSE:LXU) Decreases By 19.6%

LSB Industries, Inc. (NYSE:LXU) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 2,010,000 shares, a decline of 19.6% from the October 31st total of 2,500,000 shares. Based on an average daily volume of 334,200 shares, the days-to-cover ratio is currently 6.0 days.

LSB Industries Trading Up 2.0 %

Shares of LXU stock traded up $0.17 on Friday, hitting $8.83. 124,052 shares of the stock traded hands, compared to its average volume of 384,150. LSB Industries has a twelve month low of $6.74 and a twelve month high of $10.40. The stock has a market capitalization of $632.40 million, a PE ratio of -42.05, a PEG ratio of 20.19 and a beta of 0.84. The firm’s 50-day moving average price is $8.62 and its two-hundred day moving average price is $8.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

Institutional Trading of LSB Industries

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of LSB Industries by 1.3% during the 2nd quarter. International Assets Investment Management LLC now owns 114,322 shares of the conglomerate’s stock worth $935,000 after purchasing an additional 1,495 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in LSB Industries by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 74,836 shares of the conglomerate’s stock worth $612,000 after purchasing an additional 1,555 shares in the last quarter. Private Advisor Group LLC lifted its stake in LSB Industries by 14.1% during the third quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 1,563 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of LSB Industries by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,581 shares of the conglomerate’s stock worth $278,000 after buying an additional 1,837 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in shares of LSB Industries by 3.2% in the second quarter. Wedge Capital Management L L P NC now owns 96,038 shares of the conglomerate’s stock valued at $786,000 after buying an additional 2,943 shares in the last quarter. Hedge funds and other institutional investors own 73.67% of the company’s stock.

Wall Street Analyst Weigh In

LXU has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 target price on shares of LSB Industries in a report on Monday, November 4th. UBS Group raised shares of LSB Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $9.50 to $11.00 in a research note on Thursday, October 10th. Finally, Piper Sandler boosted their target price on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th.

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.