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

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

Analysts Set New Price Targets

LYTS has been the topic of a number of analyst reports. HC Wainwright raised their price objective 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. Canaccord Genuity Group raised their price target on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, StockNews.com raised LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Tuesday.

Institutional Trading of LSI Industries

Large investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC increased its holdings in shares of LSI Industries by 19.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 74,533 shares of the construction company's stock valued at $1,267,000 after acquiring an additional 12,034 shares during the period. Annex Advisory Services LLC grew its holdings in shares of LSI Industries by 1.7% during the first quarter. Annex Advisory Services LLC now owns 139,127 shares of the construction company's stock worth $2,365,000 after buying an additional 2,380 shares during the last quarter. Rhumbline Advisers increased its position in LSI Industries by 2.1% in the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after acquiring an additional 858 shares during the period. Summit Global Investments increased its position in LSI Industries by 62.4% in the 1st quarter. Summit Global Investments now owns 27,001 shares of the construction company's stock valued at $459,000 after acquiring an additional 10,370 shares during the period. Finally, GAMMA Investing LLC lifted its position in LSI Industries by 4,116.3% during the 1st quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock worth $181,000 after acquiring an additional 10,373 shares during the period. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Stock Up 2.0 %

Shares of NASDAQ:LYTS traded up $0.32 during trading on Wednesday, hitting $15.93. 84,116 shares of the company were exchanged, compared to its average volume of 157,151. The firm's 50 day moving average price is $17.40 and its 200-day moving average price is $18.62. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The stock has a market capitalization of $476.64 million, a P/E ratio of 20.69 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, research analysts predict that LSI Industries will post 0.7 earnings per share for the current fiscal year.

About LSI Industries

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.