Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Sees Significant Growth in Short Interest

Key Points

• Loma Negra Compania Industrial Argentina experienced a significant rise in short interest, with a total of 776,000 shares shorted as of July 31, which is an increase of 95.8% from two weeks prior.
• The company's stock has a current price of $10.45, with a market capitalization of $1.22 billion and a consensus rating of "Moderate Buy" from analysts.
• Several institutional investors have recently increased their stakes in Loma Negra, with 19.32% of the stock now owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 776,000 shares, anincreaseof95.8% from the July 15th total of 396,300 shares. Based on an average daily trading volume, of 380,400 shares, the days-to-cover ratio is presently 2.0 days. Approximately0.7% of the company's shares are short sold. Approximately0.7% of the company's shares are short sold. Based on an average daily trading volume, of 380,400 shares, the days-to-cover ratio is presently 2.0 days.

Loma Negra Compania Industrial Argentina Trading Down 3.0%

NYSE LOMA opened at $10.45 on Friday. Loma Negra Compania Industrial Argentina has a 12 month low of $6.76 and a 12 month high of $14.17. The business has a fifty day simple moving average of $11.31 and a 200 day simple moving average of $11.37. The firm has a market capitalization of $1.22 billion, a P/E ratio of 19.00 and a beta of 1.01.

Wall Street Analyst Weigh In

LOMA has been the topic of a number of research reports. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a research report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price target for the company. Bank of America raised Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and increased their price target for the company from $11.50 to $14.00 in a research report on Wednesday, April 23rd. Itau BBA Securities raised Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price target for the company in a research report on Monday, May 12th. Finally, Morgan Stanley raised Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $13.00 to $15.00 in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deuterium Capital Management LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $110,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the second quarter worth approximately $121,000. Insigneo Advisory Services LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $135,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $143,000. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $211,000. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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