LSI Industries, Inc. (NASDAQ:LYTS) Sees Significant Decline in Short Interest

LSI Industries, Inc. (NASDAQ:LYTS) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 34,100 shares, a drop of 40.3% from the June 30th total of 57,100 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 70,000 shares, the days-to-cover ratio is presently 0.5 days.

Shares of LYTS traded up $0.02 on Monday, reaching $4.12. The company’s stock had a trading volume of 8,957 shares, compared to its average volume of 68,603. 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 stock has a market capitalization of $106.87 million, a PE ratio of 18.73, a P/E/G ratio of 0.67 and a beta of 1.43. The company’s 50 day moving average price is $3.92. LSI Industries has a 12-month low of $2.48 and a 12-month high of $5.59.

A number of equities analysts recently issued reports on LYTS shares. ValuEngine raised shares of LSI Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “strong sell” rating in a report on Thursday, July 25th.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mid Atlantic Financial Management Inc. ADV purchased a new position in LSI Industries during the first quarter valued at approximately $28,000. Brinker Capital Inc. purchased a new position in LSI Industries during the first quarter valued at approximately $99,000. Wells Fargo & Company MN lifted its holdings in LSI Industries by 12.9% during the second quarter. Wells Fargo & Company MN now owns 31,460 shares of the construction company’s stock valued at $116,000 after purchasing an additional 3,583 shares in the last quarter. Creative Planning lifted its holdings in LSI Industries by 22.4% during the first quarter. Creative Planning now owns 73,907 shares of the construction company’s stock valued at $194,000 after purchasing an additional 13,537 shares in the last quarter. Finally, Alambic Investment Management L.P. lifted its holdings in LSI Industries by 68.7% during the first quarter. Alambic Investment Management L.P. now owns 114,008 shares of the construction company’s stock valued at $300,000 after purchasing an additional 46,426 shares in the last quarter. 62.09% of the stock is currently owned by institutional investors.

LSI Industries Company Profile

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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