Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Short Interest Down 43.2% in September

Key Points

• Short interest in Loma Negra Compania Industrial Argentina decreased by 43.2% in September, with a current total of 670,700 shares.
• The company's stock has a market cap of $867.41 million and an average target price of $14.80 from analysts.
• Institutional investors own 19.32% of Loma Negra, with notable increases in positions from several firms during the first quarter.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 670,700 shares, a drop of 43.2% from the August 31st total of 1,180,000 shares. Based on an average daily trading volume, of 588,500 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 588,500 shares, the short-interest ratio is presently 1.1 days.

Loma Negra Compania Industrial Argentina Stock Performance

Shares of Loma Negra Compania Industrial Argentina stock opened at $7.43 on Friday. The business's 50 day simple moving average is $9.43 and its 200 day simple moving average is $10.70. Loma Negra Compania Industrial Argentina has a 52-week low of $7.04 and a 52-week high of $14.17. The firm has a market cap of $867.41 million, a PE ratio of 13.51 and a beta of 0.98.

Analyst Ratings Changes

A number of brokerages have issued reports on LOMA. Citigroup began coverage on Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They set a "buy" rating and a $16.00 target price on the stock. 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. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Loma Negra Compania Industrial Argentina in a research report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Loma Negra Compania Industrial Argentina by 935.8% during the 1st quarter. GAMMA Investing LLC now owns 46,147 shares of the company's stock worth $507,000 after purchasing an additional 41,692 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Loma Negra Compania Industrial Argentina by 9.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company's stock worth $16,769,000 after acquiring an additional 138,063 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Loma Negra Compania Industrial Argentina by 576.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 180,122 shares of the company's stock worth $1,980,000 after acquiring an additional 153,503 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of Loma Negra Compania Industrial Argentina during the 1st quarter worth approximately $4,161,000. Finally, Fourth Sail Capital LP bought a new position in shares of Loma Negra Compania Industrial Argentina during the 1st quarter worth approximately $14,735,000. Institutional investors and hedge funds own 19.32% of the company's stock.

About Loma Negra Compania Industrial Argentina

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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