Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Sees Significant Increase 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 large increase in short interest during 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 volume of 380,400 shares, the short-interest ratio is currently 2.0 days. Currently,0.7% of the shares of the stock are sold short. Currently,0.7% of the shares of the stock are sold short. Based on an average daily volume of 380,400 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LOMA shares. Bank of America raised shares of 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 note on Wednesday, April 23rd. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Citigroup started coverage on shares of Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price target for the company. Morgan Stanley raised shares of 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 note on Tuesday, May 20th. Finally, Itau BBA Securities raised shares of 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 note on Monday, May 12th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

Shares of LOMA traded up $0.11 during midday trading on Thursday, reaching $10.29. The stock had a trading volume of 222,654 shares, compared to its average volume of 514,829. Loma Negra Compania Industrial Argentina has a 1-year low of $6.76 and a 1-year high of $14.17. The company's fifty day simple moving average is $11.17 and its two-hundred day simple moving average is $11.33. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 18.71 and a beta of 1.01.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

A number of hedge funds and other institutional investors have recently modified their holdings of LOMA. Fourth Sail Capital LP acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the 1st quarter valued at $14,735,000. INCA Investments LLC raised its stake in Loma Negra Compania Industrial Argentina by 147.2% during the 1st quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock worth $20,444,000 after acquiring an additional 1,107,669 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Loma Negra Compania Industrial Argentina by 89.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock worth $16,570,000 after acquiring an additional 655,533 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Loma Negra Compania Industrial Argentina during the 1st quarter worth $4,161,000. Finally, Brevan Howard Capital Management LP acquired a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter worth $4,516,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

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.