StealthGas Inc. (NASDAQ:GASS) Short Interest Update

StealthGas Inc. (NASDAQ:GASS) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 23,200 shares, a decline of 66.1% from the March 15th total of 68,500 shares. Based on an average trading volume of 108,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded StealthGas from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

StealthGas Trading Down 2.3 %

GASS opened at $5.05 on Tuesday. StealthGas has a 12-month low of $4.82 and a 12-month high of $8.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. The stock has a market capitalization of $185.54 million, a PE ratio of 2.85 and a beta of 0.54. The firm’s fifty day moving average price is $5.57 and its 200 day moving average price is $5.74.

StealthGas (NASDAQ:GASS) last issued its earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share (EPS) for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%. The business had revenue of $40.25 million for the quarter.

Institutional Trading of StealthGas

Several institutional investors and hedge funds have recently bought and sold shares of GASS. State Street Corp increased its holdings in shares of StealthGas by 44.7% in the 3rd quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock valued at $311,000 after acquiring an additional 14,093 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in StealthGas in the third quarter worth $194,000. Sanctuary Advisors LLC increased its stake in StealthGas by 16.6% during the third quarter. Sanctuary Advisors LLC now owns 79,987 shares of the shipping company’s stock valued at $545,000 after purchasing an additional 11,383 shares during the last quarter. Towerview LLC raised its holdings in shares of StealthGas by 12.4% during the fourth quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock worth $15,608,000 after purchasing an additional 305,000 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of StealthGas by 34.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company’s stock worth $140,000 after buying an additional 6,299 shares during the last quarter. Institutional investors and hedge funds own 66.32% of the company’s stock.

StealthGas Company Profile

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