BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 395,400 shares, a decline of 6.3% from the August 31st total of 422,200 shares. Based on an average daily volume of 286,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company’s shares are sold short.

BW LPG Stock Performance

NYSE:BWLP opened at $14.36 on Monday. The firm’s fifty day moving average is $15.26. BW LPG has a fifty-two week low of $10.32 and a fifty-two week high of $22.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63.

BW LPG (NYSE:BWLP) last announced its earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The firm had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.58 per share. The ex-dividend date is Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 16.16%.

Institutional Investors Weigh In On BW LPG

Several hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new position in BW LPG in the 2nd quarter valued at $280,000. Susquehanna International Group Ltd. purchased a new position in BW LPG in the 2nd quarter worth about $441,000. Allspring Global Investments Holdings LLC bought a new stake in BW LPG during the 2nd quarter valued at about $594,000. DekaBank Deutsche Girozentrale purchased a new stake in BW LPG in the 2nd quarter valued at about $698,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in BW LPG in the 2nd quarter valued at about $2,050,000.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.