StealthGas, Inc. (NASDAQ:GASS) Short Interest Update

StealthGas, Inc. (NASDAQ:GASS) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 61,249 shares, a growth of 188.5% from the November 30th total of 21,232 shares. Based on an average daily volume of 155,554 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 155,554 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

GASS has been the topic of several research analyst reports. Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research report on Sunday. Weiss Ratings reissued a “buy (b-)” rating on shares of StealthGas in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Towerview LLC grew its holdings in shares of StealthGas by 2.9% during the second quarter. Towerview LLC now owns 2,849,929 shares of the shipping company’s stock worth $18,268,000 after purchasing an additional 79,929 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of StealthGas by 31.3% during the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock worth $1,554,000 after buying an additional 56,493 shares in the last quarter. UBS Group AG grew its stake in shares of StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock worth $1,704,000 after purchasing an additional 45,846 shares during the period. WINTON GROUP Ltd acquired a new position in StealthGas during the third quarter worth about $276,000. Finally, Cubist Systematic Strategies LLC increased its stake in StealthGas by 136.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 72,009 shares of the shipping company’s stock valued at $407,000 after purchasing an additional 41,497 shares in the last quarter. 66.32% of the stock is owned by institutional investors and hedge funds.

StealthGas Stock Performance

NASDAQ GASS opened at $7.01 on Friday. The business has a fifty day moving average price of $6.78 and a 200 day moving average price of $6.81. StealthGas has a one year low of $4.90 and a one year high of $8.18. The company has a market cap of $260.49 million, a P/E ratio of 4.17 and a beta of 0.22.

StealthGas (NASDAQ:GASS) last released its quarterly earnings data on Tuesday, November 25th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $44.53 million during the quarter, compared to analysts’ expectations of $39.20 million. StealthGas had a net margin of 35.02% and a return on equity of 9.62%. During the same period last year, the business earned $0.33 earnings per share.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.