Lydall, Inc. (NYSE:LDL) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 506,000 shares, a growth of 28.5% from the January 15th total of 393,800 shares. Based on an average trading volume of 153,600 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.0% of the company’s shares are sold short.

Lydall stock opened at $21.70 on Friday. The company’s 50 day simple moving average is $21.42 and its 200 day simple moving average is $21.31. Lydall has a fifty-two week low of $17.90 and a fifty-two week high of $31.71. The firm has a market capitalization of $362.37 million, a price-to-earnings ratio of 52.93 and a beta of 1.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.60.

Separately, Sidoti lowered shares of Lydall from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $21.00 in a research note on Wednesday, October 30th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Aigen Investment Management LP bought a new position in Lydall in the fourth quarter valued at approximately $113,000. Pacer Advisors Inc. bought a new position in Lydall in the fourth quarter valued at approximately $197,000. Credit Suisse AG lifted its stake in Lydall by 4.9% in the fourth quarter. Credit Suisse AG now owns 11,035 shares of the auto parts company’s stock valued at $227,000 after buying an additional 515 shares in the last quarter. Trexquant Investment LP bought a new position in Lydall in the fourth quarter valued at approximately $280,000. Finally, Vivaldi Asset Management LLC bought a new position in Lydall in the fourth quarter valued at approximately $291,000. 87.21% of the stock is currently owned by institutional investors and hedge funds.

About Lydall

Lydall, Inc designs, manufactures, and markets specialty engineered filtration media, industrial thermal insulating solutions, and automotive thermal and acoustical barriers for filtration/separation and thermal/acoustical applications worldwide. It operates through Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions segments.

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