StealthGas Inc. (NASDAQ:GASS) Sees Significant Increase in Short Interest

StealthGas Inc. (NASDAQ:GASSGet Rating) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 127,400 shares, a growth of 111.6% from the April 30th total of 60,200 shares. Based on an average daily trading volume, of 156,700 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GASS. Millennium Management LLC acquired a new position in StealthGas during the 4th quarter worth $30,000. DGS Capital Management LLC acquired a new position in StealthGas during the 4th quarter worth $30,000. Two Sigma Securities LLC acquired a new position in StealthGas during the 3rd quarter worth $44,000. Grant GrossMendelsohn LLC grew its holdings in StealthGas by 94.3% during the 1st quarter. Grant GrossMendelsohn LLC now owns 20,600 shares of the shipping company’s stock worth $50,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in StealthGas by 12.2% during the 3rd quarter. Geode Capital Management LLC now owns 39,172 shares of the shipping company’s stock worth $104,000 after acquiring an additional 4,250 shares in the last quarter. 48.92% of the stock is owned by institutional investors and hedge funds.

GASS traded down $0.07 during trading hours on Friday, reaching $2.64. 504 shares of the stock traded hands, compared to its average volume of 129,181. The firm’s fifty day simple moving average is $2.45 and its two-hundred day simple moving average is $2.34. The company has a market cap of $100.85 million, a price-to-earnings ratio of -2.91 and a beta of 1.11. StealthGas has a fifty-two week low of $1.91 and a fifty-two week high of $3.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.83.

StealthGas (NASDAQ:GASSGet Rating) last released its quarterly earnings results on Thursday, May 26th. The shipping company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.14. StealthGas had a negative net margin of 23.38% and a positive return on equity of 1.83%. During the same quarter last year, the business posted $0.02 earnings per share. On average, research analysts predict that StealthGas will post 0.52 earnings per share for the current year.

GASS has been the subject of several recent research reports. Zacks Investment Research raised shares of StealthGas from a “hold” rating to a “strong-buy” rating and set a $2.75 price objective for the company in a research report on Friday, April 29th. Jefferies Financial Group initiated coverage on shares of StealthGas in a research report on Wednesday, April 27th. They issued a “buy” rating for the company. Finally, StockNews.com started coverage on shares of StealthGas in a research report on Saturday, May 21st. They issued a “hold” rating for the company.

About StealthGas (Get Rating)

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and natural gas. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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