Short Interest in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Increases By 46.4%

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 792,200 shares, a growth of 46.4% from the November 15th total of 541,200 shares. Based on an average trading volume of 711,700 shares, the short-interest ratio is currently 1.1 days.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

NYSE LOMA traded up $0.01 on Friday, hitting $13.21. 673,913 shares of the company traded hands, compared to its average volume of 518,500. The business’s 50 day moving average price is $10.09 and its 200-day moving average price is $8.16. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.70 and a 52-week high of $13.73. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 22.41 and a beta of 1.36.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LOMA. TT International Asset Management LTD purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter worth $386,000. Ping Capital Management Inc. purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth about $703,000. Glenorchy Capital Ltd raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 196.9% during the 3rd quarter. Glenorchy Capital Ltd now owns 230,311 shares of the company’s stock valued at $1,856,000 after purchasing an additional 152,737 shares during the period. Liontrust Investment Partners LLP purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter worth approximately $270,000. Finally, Mak Capital One LLC boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 153.2% in the 2nd quarter. Mak Capital One LLC now owns 1,823,913 shares of the company’s stock worth $12,330,000 after purchasing an additional 1,103,515 shares during the period. 19.32% of the stock is owned by hedge funds and other institutional investors.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.