Rise in LPX’s short interest indicates Bearish sentiment


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Louisiana-Pacific Corporation shares valued at $224,259 were sold by Gottung Lizanne C on Dec 15. At $62.52 per share, Gottung Lizanne C sold 3,587 shares. The insider’s holdings dropped to 27,470 shares worth approximately $1.63 million following the completion of this transaction.

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Analyzing LPX Stock Performance

On Thursday, Louisiana-Pacific Corporation [NYSE: LPX] rose 1.83% to $59.49. The stock’s lowest price that day was $58.17, but it reached a high of $59.51 in the same session. During the last five days, there has been a drop of approximately -6.08%. Over the course of the year, Louisiana-Pacific Corporation shares have jumped approximately 0.49%. Shares of the company reached a 52-week high of $73.04 on 02/02/23 and a 52-week low of $51.60 on 04/05/23. A 50-day SMA is recorded $58.61, while a 200-day SMA reached $59.04. Nevertheless, trading volume fell to 0.58 million shares from 0.68 million shares the previous day.

Support And Resistance Levels for Louisiana-Pacific Corporation (LPX)

According to the 24-hour chart, there is a support level at 58.60, which, if violated, would cause prices to drop to 57.72. In the upper region, resistance lies at 59.94. The next price resistance is at 60.40. RSI (Relative Strength Index) is 45.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.97, which suggests the price will decrease in the coming days. Percent R is at 79.01%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Louisiana-Pacific Corporation subject to short interest?

Stocks of Louisiana-Pacific Corporation saw a sharp rise in short interest on May 14, 2023 jumping by 0.24 million shares to 2.41 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 2.17 million shares. A jump of 9.96% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.45.

Which companies own the most shares of Louisiana-Pacific Corporation (LPX)?

According to Berkshire Hathaway, Inc. filings, the company currently owns 7,044,909 shares, which is about 9.82% of the total LPX shares outstanding. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $396,758,072. BlackRock Fund Advisors reduced a -0.18% interest valued at $372.35 million while Wellington Management Co. LLP purchased a 297,720 stake. A total of 196,459 shares of Louisiana-Pacific Corporation were bought by First Trust Advisors LP during the quarter, and -221,139 were sold by Fidelity Management & Research Co. In its current portfolio, Dimensional Fund Advisors LP holds 2,317,392 shares valued at $138.44 million.

In terms of Louisiana-Pacific Corporation share price expectations, FactSet research, analysts set an average price target of $66.67 in the next 12 months, up nearly 11.26% from the previous closing price of $58.42. Analysts anticipate Louisiana-Pacific Corporation stock to reach $82.00 by 2023, with the lowest price target being $49.00. In spite of this, 11 analysts ranked Louisiana-Pacific Corporation stock as a Hold at the end of 2023.


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