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

LSB Industries, Inc. (NYSE:LXU) was the target of a large 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 short-interest ratio is currently 6.0 days.

Wall Street Analysts Forecast Growth

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

LSB Industries Stock Performance

LXU traded up $0.17 on Friday, reaching $8.83. 124,052 shares of the stock were exchanged, compared to its average volume of 384,150. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.53 and a quick ratio of 2.36. The company’s 50-day moving average price is $8.62 and its 200 day moving average price is $8.43. The firm 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. LSB Industries has a fifty-two week low of $6.74 and a fifty-two week high of $10.40.

Institutional Trading of LSB Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pekin Hardy Strauss Inc. grew its holdings in LSB Industries by 112.6% during the third quarter. Pekin Hardy Strauss Inc. now owns 128,370 shares of the conglomerate’s stock worth $1,032,000 after acquiring an additional 68,000 shares during the period. International Assets Investment Management LLC grew its stake in shares of LSB Industries by 691.2% during the 3rd quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock worth $7,272,000 after purchasing an additional 790,194 shares during the period. Private Advisor Group LLC lifted its stake in shares of LSB Industries by 14.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,628 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 1,563 shares during the period. First Eagle Investment Management LLC boosted its holdings in LSB Industries by 34.1% during the second quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock worth $11,971,000 after buying an additional 372,500 shares in the last quarter. Finally, Comerica Bank acquired a new stake in LSB Industries during the first quarter valued at $210,000. Institutional investors and hedge funds 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.