StealthGas Inc. (NASDAQ:GASS) Short Interest Update

StealthGas Inc. (NASDAQ:GASS - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 4,700 shares, a drop of 68.0% from the April 30th total of 14,700 shares. Based on an average daily trading volume, of 81,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's shares are short sold.

Institutional Trading of StealthGas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GASS. Towerview LLC raised its stake in StealthGas by 0.3% during the 1st quarter. Towerview LLC now owns 2,770,000 shares of the shipping company's stock valued at $15,650,000 after acquiring an additional 7,500 shares during the last quarter. Marshall Wace LLP increased its position in shares of StealthGas by 11.9% in the fourth quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company's stock valued at $2,069,000 after buying an additional 39,027 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of StealthGas by 22.5% during the 4th quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company's stock worth $1,894,000 after buying an additional 61,500 shares during the last quarter. Inspire Advisors LLC boosted its position in shares of StealthGas by 22.4% in the 4th quarter. Inspire Advisors LLC now owns 121,206 shares of the shipping company's stock worth $685,000 after buying an additional 22,203 shares in the last quarter. Finally, Navellier & Associates Inc. raised its position in StealthGas by 18.5% during the first quarter. Navellier & Associates Inc. now owns 82,572 shares of the shipping company's stock worth $453,000 after acquiring an additional 12,886 shares during the last quarter. Institutional investors and hedge funds own 66.32% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered StealthGas from a "buy" rating to a "hold" rating in a research note on Friday.

StealthGas Stock Up 4.3%

Shares of NASDAQ GASS traded up $0.25 during midday trading on Tuesday, hitting $6.04. The company's stock had a trading volume of 164,989 shares, compared to its average volume of 125,982. 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 firm has a market capitalization of $223.35 million, a price-to-earnings ratio of 3.41 and a beta of 0.28. The business's fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $5.53. StealthGas has a 1 year low of $4.82 and a 1 year high of $8.78.

StealthGas (NASDAQ:GASS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. StealthGas had a net margin of 40.87% and a return on equity of 11.36%. The firm had revenue of $42.03 million for the quarter, compared to analysts' expectations of $40.40 million.

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.