LSI Industries, Inc. (NASDAQ:LYTS) Short Interest Up 53.7% in June

LSI Industries, Inc. (NASDAQ:LYTS) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 174,800 shares, an increase of 53.7% from the May 30th total of 113,700 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 69,400 shares, the days-to-cover ratio is presently 2.5 days.

LSI Industries stock traded up $0.10 during trading on Thursday, reaching $4.06. 39,900 shares of the company were exchanged, compared to its average volume of 71,042. LSI Industries has a 52-week low of $2.48 and a 52-week high of $5.59. The firm has a market capitalization of $105.57 million, a P/E ratio of 18.45, a P/E/G ratio of 0.36 and a beta of 1.45. The company has a quick ratio of 1.39, a current ratio of 2.59 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average price is $3.69.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, April 25th. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.11). The business had revenue of $72.83 million for the quarter, compared to analyst estimates of $78.50 million. LSI Industries had a positive return on equity of 1.06% and a negative net margin of 6.01%. Equities research analysts predict that LSI Industries will post 0.2 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in LSI Industries by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,395,900 shares of the construction company’s stock worth $4,424,000 after acquiring an additional 3,691 shares during the last quarter. Systematic Financial Management LP increased its stake in LSI Industries by 2.7% during the first quarter. Systematic Financial Management LP now owns 1,043,474 shares of the construction company’s stock worth $2,744,000 after acquiring an additional 27,829 shares during the last quarter. WealthTrust Axiom LLC increased its stake in LSI Industries by 6.2% during the first quarter. WealthTrust Axiom LLC now owns 924,711 shares of the construction company’s stock worth $2,431,000 after acquiring an additional 54,109 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in LSI Industries by 1.9% during the first quarter. Kennedy Capital Management Inc. now owns 779,227 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 14,861 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in LSI Industries by 10.5% during the first quarter. North Star Investment Management Corp. now owns 505,827 shares of the construction company’s stock worth $1,330,000 after acquiring an additional 48,152 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.

About LSI Industries

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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