Short Interest in Luby’s, Inc. (NYSE:LUB) Drops By 6.8%

Luby’s, Inc. (NYSE:LUB) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 43,800 shares, a decrease of 6.8% from the June 30th total of 47,000 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 30,400 shares, the short-interest ratio is presently 1.4 days.

A hedge fund recently raised its stake in Luby’s stock. Citadel Advisors LLC grew its position in Luby’s, Inc. (NYSE:LUB) by 94.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,064 shares of the restaurant operator’s stock after acquiring an additional 11,185 shares during the period. Citadel Advisors LLC owned 0.08% of Luby’s worth $25,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 32.58% of the company’s stock.

Shares of LUB traded up $0.06 during trading hours on Friday, reaching $1.17. The stock had a trading volume of 22,683 shares, compared to its average volume of 27,298. Luby’s has a 12 month low of $0.99 and a 12 month high of $2.28. The company has a quick ratio of 0.77, a current ratio of 0.89 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average is $1.16 and its two-hundred day moving average is $1.36.

Luby’s (NYSE:LUB) last announced its quarterly earnings results on Monday, July 15th. The restaurant operator reported ($0.16) EPS for the quarter. Luby’s had a negative net margin of 2.39% and a negative return on equity of 17.00%. The firm had revenue of $74.77 million during the quarter.

About Luby’s

Luby's, Inc provides restaurant services in the United States. It operates through three segments: Company-owned Restaurants, Franchise Operations, and Culinary Contract Services. The company operates casual dining restaurants; and offers culinary contract services, including contract arrangements to manage food services for healthcare clients, corporate dining clients, government buildings, and sports stadiums, as well as through retail grocery stores.

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