StealthGas Inc. (NASDAQ:GASS) Short Interest Up 5.1% in March

StealthGas Inc. (NASDAQ:GASS) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 306,800 shares, a growth of 5.1% from the March 15th total of 291,900 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 178,800 shares, the days-to-cover ratio is presently 1.7 days.

StealthGas Price Performance

NASDAQ GASS opened at $5.84 on Thursday. The company has a market cap of $222.62 million, a PE ratio of 4.26 and a beta of 0.79. The firm’s 50 day moving average price is $6.24 and its 200-day moving average price is $6.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.07 and a current ratio of 3.12. StealthGas has a 52-week low of $2.61 and a 52-week high of $7.98.

StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Wednesday, February 21st. The shipping company reported $0.29 EPS for the quarter. The business had revenue of $30.83 million during the quarter. StealthGas had a net margin of 36.19% and a return on equity of 9.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GASS. Towerview LLC increased its position in shares of StealthGas by 0.6% during the third quarter. Towerview LLC now owns 2,520,000 shares of the shipping company’s stock worth $12,688,000 after purchasing an additional 15,000 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in StealthGas during the 3rd quarter valued at about $381,000. Consolidated Portfolio Review Corp acquired a new stake in StealthGas in the 4th quarter valued at about $399,000. Kingswood Wealth Advisors LLC purchased a new position in StealthGas in the 3rd quarter worth approximately $101,000. Finally, New York State Common Retirement Fund acquired a new position in shares of StealthGas during the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded StealthGas from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also offers 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, as well as ammonia; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.