Pyxis Tankers Inc. (NASDAQ:PXS) Stock Short Interest Report for October

Key Points

• Short interest surged 125.5% to 48,839 shares as of October 15, representing about 1.1% of Pyxis Tankers’ outstanding stock. The days-to-cover ratio remained low at 0.4 days.
• Analyst sentiment was generally positive: Pyxis Tankers held a consensus “Moderate Buy” rating, with one Buy and one Hold rating, while Wall Street Zen upgraded the stock to “strong-buy.”
• The company exceeded quarterly expectations, reporting EPS of $0.27 versus a $0.20 estimate and revenue of $12.13 million versus the $10.34 million consensus. Shares traded near $7.28, within a 52-week range of $2.61 to $8.34.

Pyxis Tankers Inc. (NASDAQ:PXS - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 48,839 shares, a growth of 125.5% from the September 30th total of 21,660 shares. Approximately 1.1% of the company's stock are short sold. Based on an average daily volume of 127,558 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

PXS has been the topic of several analyst reports. Alliance Global Partners reaffirmed a "buy" rating on shares of Pyxis Tankers in a research report on Tuesday, September 29th. Weiss Ratings upgraded Pyxis Tankers from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen raised shares of Pyxis Tankers from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Pyxis Tankers Price Performance

Shares of PXS traded down $0.01 during mid-day trading on Friday, reaching $7.28. 17,860 shares of the company's stock were exchanged, compared to its average volume of 73,389. Pyxis Tankers has a 52-week low of $2.61 and a 52-week high of $8.34. The company has a market cap of $74.50 million, a price-to-earnings ratio of 8.98 and a beta of -0.54. The company has a 50-day simple moving average of $6.87 and a two-hundred day simple moving average of $4.88. The company has a quick ratio of 4.68, a current ratio of 4.72 and a debt-to-equity ratio of 0.70.

Pyxis Tankers (NASDAQ:PXS - Get Free Report) last announced its quarterly earnings data on Monday, August 31st. The transportation company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. Pyxis Tankers had a net margin of 20.00% and a return on equity of 8.24%. The company had revenue of $12.13 million during the quarter, compared to analysts' expectations of $10.34 million.

Institutional Trading of Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. NewEdge Advisors LLC boosted its position in Pyxis Tankers Inc. (NASDAQ:PXS - Free Report) by 48.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,527 shares of the transportation company's stock after buying an additional 12,830 shares during the quarter. NewEdge Advisors LLC owned approximately 0.39% of Pyxis Tankers worth $164,000 at the end of the most recent reporting period. Institutional investors own 56.19% of the company's stock.

About Pyxis Tankers

Pyxis Tankers Inc NASDAQ: PXS is a maritime transportation company that owns and operates vessels serving the international seaborne trade. Its principal business is the transportation of refined petroleum products and other liquid bulk cargoes, supporting energy companies, commodity traders and other customers that move products between global markets.

The company's fleet has primarily consisted of product tankers, including vessels designed to carry clean petroleum products such as gasoline, diesel and jet fuel.

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