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Shares of Louisiana-Pacific (NYSE:LPX) were the target of a large decrease in short interest in the month of May. As of May 30th, there was short interest totalling 11,248,278 shares, a decrease of 21.6% from the May 15th total of 14,349,853 shares, AmericanBankingNews.com reports. Currently, 8.1% of the shares of the company are short sold. Based on an average trading volume of 4,363,401 shares, the short-interest ratio is currently 2.6 days.

A number of analysts have recently weighed in on LPX shares. Analysts at Goldman Sachs initiated coverage on shares of Louisiana-Pacific in a research note on Friday, May 30th. They set a “neutral” rating and a $16.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Louisiana-Pacific in a research note on Monday, May 19th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at TD Securities cut their price target on shares of Louisiana-Pacific from $18.00 to $17.00 in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.49.

Louisiana-Pacific (NYSE:LPX) opened at 14.70 on Tuesday. Louisiana-Pacific has a 52-week low of $13.73 and a 52-week high of $18.96. The stock’s 50-day moving average is $14.72 and its 200-day moving average is $16.56. The company has a market cap of $2.075 billion and a price-to-earnings ratio of 21.42.

Louisiana-Pacific (NYSE:LPX) last released its earnings data on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.02. The company had revenue of $445.00 million for the quarter, compared to the consensus estimate of $464.80 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 16.2% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post $0.38 EPS for the current fiscal year.

Louisiana-Pacific Corporation is a manufacturer of building products. The Company operates in four segments: North America Oriented Strand Board (NYSE:LPX); Siding; Engineered Wood Products (EWP), and South America.

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