LSB Industries, Inc. (NYSE:LXU) Short Interest Down 19.2% in September

LSB Industries, Inc. (NYSE:LXU) was the target of a large decline in short interest in 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 days-to-cover ratio is presently 5.5 days.

LSB Industries Price Performance

NYSE:LXU traded up $0.04 during mid-day trading on Friday, reaching $7.99. The stock had a trading volume of 255,669 shares, compared to its average volume of 401,458. The firm has a 50 day moving average price of $7.92 and a two-hundred day moving average price of $8.30. The stock has a market capitalization of $571.64 million, a P/E ratio of 33.29, a P/E/G ratio of 1.43 and a beta of 0.83. LSB Industries has a one year low of $6.74 and a one year high of $10.59. The company has a debt-to-equity ratio of 0.92, a quick ratio of 3.19 and a current ratio of 3.41.

LSB Industries (NYSE:LXU) last announced its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. LSB Industries had a return on equity of 1.29% and a net margin of 0.40%. The firm had revenue of $140.07 million during the quarter, compared to the consensus estimate of $147.09 million. As a group, analysts expect that LSB Industries will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on LXU shares. 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, August 12th. UBS Group dropped their target price on LSB Industries from $9.25 to $8.75 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. 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 research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.69.

Institutional Trading of LSB Industries

Several hedge funds and other institutional investors have recently bought and sold shares of LXU. nVerses Capital LLC bought a new position in shares of LSB Industries during the second quarter valued at approximately $34,000. Bayesian Capital Management LP purchased a new stake in shares of LSB Industries during the first quarter valued at $97,000. Squarepoint Ops LLC bought a new position in LSB Industries in the second quarter valued at about $116,000. Susquehanna Fundamental Investments LLC bought a new position in LSB Industries in the second quarter valued at about $118,000. Finally, Comerica Bank bought a new position in LSB Industries in the first quarter valued at about $210,000. Institutional investors own 73.67% of the company’s stock.

About LSB Industries

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.