United States Lime & Minerals Inc (NASDAQ:USLM) Short Interest Update

United States Lime & Minerals Inc (NASDAQ:USLM) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 12,400 shares, a decrease of 30.3% from the September 30th total of 17,800 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 5,000 shares, the days-to-cover ratio is presently 2.5 days.

USLM has been the subject of a number of research analyst reports. BidaskClub upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. ValuEngine cut United States Lime & Minerals from a “hold” rating to a “sell” rating in a report on Monday, November 4th.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its holdings in United States Lime & Minerals by 92.9% during the 2nd quarter. Bank of Montreal Can now owns 351 shares of the construction company’s stock valued at $29,000 after acquiring an additional 169 shares during the period. Garrett Wealth Advisory Group LLC purchased a new position in United States Lime & Minerals during the 3rd quarter valued at about $38,000. Aperio Group LLC purchased a new position in United States Lime & Minerals during the 2nd quarter valued at about $81,000. Rhumbline Advisers boosted its holdings in United States Lime & Minerals by 8.1% during the 3rd quarter. Rhumbline Advisers now owns 3,203 shares of the construction company’s stock valued at $245,000 after acquiring an additional 241 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in United States Lime & Minerals by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 4,371 shares of the construction company’s stock valued at $334,000 after acquiring an additional 240 shares during the period. Institutional investors own 27.09% of the company’s stock.

NASDAQ USLM opened at $92.10 on Thursday. The stock has a fifty day simple moving average of $81.02 and a 200-day simple moving average of $81.05. United States Lime & Minerals has a twelve month low of $68.20 and a twelve month high of $95.76. The stock has a market cap of $517.05 million, a PE ratio of 20.52 and a beta of 0.52. The company has a current ratio of 10.51, a quick ratio of 9.33 and a debt-to-equity ratio of 0.01.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, November 21st.

About United States Lime & Minerals

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It operates through two segments, Lime and Limestone Operations, and Natural Gas Interests. The Lime and Limestone Operations segment extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry.

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