Short Interest in LSI Industries Inc. (NASDAQ:LYTS) Grows By 39.0%

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 370,600 shares, an increase of 39.0% from the March 15th total of 266,700 shares. Based on an average daily volume of 165,100 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.4% of the company's shares are sold short.

LSI Industries Stock Down 5.0 %

Shares of NASDAQ:LYTS traded down $0.79 during trading on Thursday, hitting $15.02. The company's stock had a trading volume of 86,558 shares, compared to its average volume of 128,902. LSI Industries has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The business has a 50 day moving average price of $17.30 and a two-hundred day moving average price of $18.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The company has a market capitalization of $449.35 million, a PE ratio of 19.32 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. As a group, research analysts expect that LSI Industries will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LYTS shares. Canaccord Genuity Group lifted their price target on shares of LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, January 24th. HC Wainwright lifted their target price on shares of LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, StockNews.com upgraded LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of LSI Industries by 117.1% in the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company's stock valued at $1,127,000 after purchasing an additional 37,660 shares in the last quarter. Bleakley Financial Group LLC raised its stake in LSI Industries by 228.8% in the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock valued at $672,000 after buying an additional 24,096 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in LSI Industries during the 4th quarter worth about $317,000. SG Americas Securities LLC boosted its position in shares of LSI Industries by 24.1% during the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock worth $274,000 after acquiring an additional 2,731 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of LSI Industries by 4.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock valued at $910,000 after acquiring an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.

LSI Industries Company Profile

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.