LSI Industries Inc. (NASDAQ:LYTS) Sees Large Increase in Short Interest

LSI Industries Inc. (NASDAQ:LYTSGet Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 507,600 shares, an increase of 12.0% from the April 15th total of 453,200 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 93,600 shares, the short-interest ratio is presently 5.4 days.

LSI Industries Price Performance

Shares of NASDAQ LYTS traded up $0.03 during mid-day trading on Wednesday, reaching $15.97. 62,102 shares of the company traded hands, compared to its average volume of 103,748. LSI Industries has a fifty-two week low of $11.44 and a fifty-two week high of $16.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.17 and a quick ratio of 1.25. The firm has a market cap of $465.21 million, a PE ratio of 17.17 and a beta of 0.82. The stock has a fifty day simple moving average of $14.88 and a 200-day simple moving average of $14.12.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Monday, May 6th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, May 3rd. LSI Industries’s payout ratio is 21.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LYTS shares. Canaccord Genuity Group increased their price target on shares of LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. HC Wainwright reaffirmed a “buy” rating and set a $20.00 price target on shares of LSI Industries in a research report on Monday, April 22nd. Finally, StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd.

Get Our Latest Stock Analysis on LYTS

Institutional Trading of LSI Industries

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in LSI Industries by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 281,795 shares of the construction company’s stock valued at $4,475,000 after buying an additional 2,146 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in LSI Industries in the 3rd quarter worth about $247,000. Los Angeles Capital Management LLC acquired a new position in LSI Industries in the 3rd quarter worth about $1,073,000. Jump Financial LLC increased its position in LSI Industries by 6.2% in the 3rd quarter. Jump Financial LLC now owns 29,000 shares of the construction company’s stock worth $461,000 after purchasing an additional 1,700 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in LSI Industries by 1,506.6% in the 3rd quarter. New York State Common Retirement Fund now owns 163,873 shares of the construction company’s stock worth $2,602,000 after purchasing an additional 153,673 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors.

LSI Industries Company Profile

(Get Free Report)

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.

Further Reading

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