LSI Industries, Inc. (NASDAQ:LYTS) Short Interest Down 40.3% in July

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

A number of hedge funds have recently bought and sold shares of LYTS. Vanguard Group Inc. raised its stake in LSI Industries by 58.6% in the second quarter. Vanguard Group Inc. now owns 1,174,721 shares of the construction company’s stock valued at $4,287,000 after purchasing an additional 434,017 shares in the last quarter. Renaissance Technologies LLC raised its stake in LSI Industries by 11.3% in the second quarter. Renaissance Technologies LLC now owns 695,745 shares of the construction company’s stock valued at $2,539,000 after purchasing an additional 70,891 shares in the last quarter. Bank of New York Mellon Corp raised its stake in LSI Industries by 39.0% in the fourth quarter. Bank of New York Mellon Corp now owns 251,649 shares of the construction company’s stock valued at $798,000 after purchasing an additional 70,628 shares in the last quarter. WealthTrust Axiom LLC raised its stake in LSI Industries by 6.2% in the first quarter. WealthTrust Axiom LLC now owns 924,711 shares of the construction company’s stock valued at $2,431,000 after purchasing an additional 54,109 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its stake in LSI Industries by 68.7% in 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. 62.40% of the stock is owned by institutional investors and hedge funds.

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

LYTS stock traded down $0.12 during midday trading on Wednesday, reaching $3.96. The company had a trading volume of 552 shares, compared to its average volume of 68,356. The stock has a market capitalization of $105.05 million, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 0.66 and a beta of 1.43. The company’s 50 day simple moving average is $3.93. LSI Industries has a 1-year low of $2.48 and a 1-year high of $5.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.59 and a quick ratio of 1.39.

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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