Short Interest in Luby’s, Inc. (NYSE:LUB) Declines By 60.7%

Luby’s, Inc. (NYSE:LUB – Get Rating) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 28,200 shares, a decrease of 60.7% from the April 30th total of 71,700 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 129,500 shares, the days-to-cover ratio is presently 0.2 days.

NYSE:LUB traded up $0.01 during trading hours on Friday, hitting $1.78. 1,020,129 shares of the company traded hands, compared to its average volume of 114,883. Luby’s has a twelve month low of $1.77 and a twelve month high of $5.13. The firm has a 50-day moving average of $2.12 and a 200 day moving average of $2.59.

The firm also recently disclosed a dividend, which was paid on Tuesday, May 24th. Stockholders of record on Tuesday, May 17th were paid a $0.20 dividend. The ex-dividend date was Monday, May 16th.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Luby’s by 31.9% in the 1st quarter. Vanguard Group Inc. now owns 1,065,324 shares of the restaurant operator’s stock valued at $2,429,000 after buying an additional 257,407 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Luby’s by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 92,147 shares of the restaurant operator’s stock worth $385,000 after purchasing an additional 10,225 shares during the last quarter. UBS Group AG grew its holdings in shares of Luby’s by 4,836.0% in the 3rd quarter. UBS Group AG now owns 22,755 shares of the restaurant operator’s stock worth $95,000 after purchasing an additional 22,294 shares during the last quarter. Morgan Stanley grew its holdings in shares of Luby’s by 119.1% in the 3rd quarter. Morgan Stanley now owns 16,608 shares of the restaurant operator’s stock worth $69,000 after purchasing an additional 9,029 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of Luby’s by 185.7% in the 1st quarter. Ancora Advisors LLC now owns 20,000 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors own 41.89% of the company’s stock.

Luby’s Company Profile (Get Rating)

Luby's, Inc is in liquidation. Previously, it provided restaurant services in the United States. As of November 19, 2021, the company operated 18 casual dining restaurants; and owned 24 properties. It also operated four Fuddruckers locations; and 14 Luby's cafeterias. The company was formerly known as Luby's Cafeterias, Inc Luby's, Inc was founded in 1947 and is headquartered in Houston, Texas.

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