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

Key Points

• StealthGas, Inc. experienced a significant increase in short interest, rising 282.4% in August to a total of 39,000 shares as of August 31st.
• Wall Street Zen upgraded StealthGas from a "hold" to a "buy" rating on August 30th, indicating positive analyst sentiment towards the stock.
• Institutional ownership of StealthGas stands at 66.32%, with several investors, including Towerview LLC and Cubist Systematic Strategies, increasing their stakes in the company.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 39,000 shares, an increase of 282.4% from the August 15th total of 10,200 shares. Based on an average daily volume of 115,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 115,100 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded StealthGas from a "hold" rating to a "buy" rating in a report on Saturday, August 30th.

Institutional Trading of StealthGas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Towerview LLC raised its position in StealthGas by 2.9% in 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 in the last quarter. Two Sigma Advisers LP raised its holdings in shares of StealthGas by 22.5% in 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of StealthGas during the 4th quarter worth approximately $333,000. Cubist Systematic Strategies LLC boosted 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 buying an additional 41,497 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in StealthGas in the second quarter valued at $209,000. Institutional investors own 66.32% of the company's stock.

StealthGas Stock Performance

StealthGas stock traded up $0.04 on Friday, hitting $7.34. The company's stock had a trading volume of 17,513 shares, compared to its average volume of 106,822. StealthGas has a one year low of $4.82 and a one year high of $8.18. The firm has a market cap of $272.58 million, a P/E ratio of 4.45 and a beta of 0.32. The company has a quick ratio of 3.73, a current ratio of 3.87 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $6.96 and a 200-day moving average price of $6.15.

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.

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