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

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

LSB Industries Stock Up 2.0 %

LXU opened at $8.83 on Monday. The company has a market cap of $632.41 million, a P/E ratio of -42.05, a P/E/G ratio of 20.58 and a beta of 0.84. LSB Industries has a 12 month low of $6.74 and a 12 month high of $10.40. The business’s 50-day moving average price is $8.62 and its 200-day moving average price is $8.42. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.95.

Analysts Set New Price Targets

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

Institutional Trading of LSB Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in LSB Industries during the 2nd quarter valued at about $34,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of LSB Industries during the third quarter valued at approximately $93,000. Intech Investment Management LLC purchased a new stake in LSB Industries in the third quarter worth $93,000. Bayesian Capital Management LP bought a new stake in LSB Industries in the first quarter valued at $97,000. Finally, Private Advisor Group LLC increased its position in LSB Industries by 14.1% during 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. 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.