Pyxis Tankers Inc. (NASDAQ:PXS) Sees Large Increase in Short Interest

Pyxis Tankers Inc. (NASDAQ:PXS - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 74,800 shares, a growth of 26.4% from the February 29th total of 59,200 shares. Based on an average trading volume of 71,100 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.5% of the company's stock are sold short.

Institutional Trading of Pyxis Tankers

Several institutional investors have recently modified their holdings of PXS. Renaissance Technologies LLC lifted its position in shares of Pyxis Tankers by 30.3% during the 4th quarter. Renaissance Technologies LLC now owns 115,801 shares of the transportation company's stock worth $558,000 after buying an additional 26,900 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Pyxis Tankers during the 4th quarter worth approximately $104,000. Morgan Stanley lifted its position in shares of Pyxis Tankers by 30.0% during the 4th quarter. Morgan Stanley now owns 7,800 shares of the transportation company's stock worth $38,000 after buying an additional 1,800 shares during the last quarter. UBS Group AG lifted its position in shares of Pyxis Tankers by 92,366.7% during the 3rd quarter. UBS Group AG now owns 38,836 shares of the transportation company's stock worth $144,000 after buying an additional 38,794 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Pyxis Tankers during the 4th quarter worth approximately $116,000. Hedge funds and other institutional investors own 56.19% of the company's stock.

Pyxis Tankers Stock Down 0.4 %

Pyxis Tankers stock traded down $0.02 during trading on Monday, reaching $4.75. The stock had a trading volume of 15,406 shares, compared to its average volume of 56,068. Pyxis Tankers has a 52-week low of $3.25 and a 52-week high of $6.13. The business has a 50 day moving average price of $4.54 and a 200 day moving average price of $4.18. The company has a quick ratio of 2.39, a current ratio of 2.52 and a debt-to-equity ratio of 0.87. The stock has a market cap of $50.40 million, a PE ratio of 2.75 and a beta of 0.04.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.