Short Interest in Lydall, Inc. (NYSE:LDL) Expands By 28.5%
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.
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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