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

Key Points

• StealthGas, Inc. experienced a significant 27.7% decrease in short interest in September, dropping from 39,000 shares to 28,200 shares.
• The stock price opened at $6.56, and analysts have raised ratings, with a consensus rating of "Buy" as of recent evaluations.
• Institutional investors hold approximately 66.32% of StealthGas shares, with several firms increasing their stakes recently.

StealthGas, Inc. (NASDAQ:GASS - Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 28,200 shares, a drop of 27.7% from the August 31st total of 39,000 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 114,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 114,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company's shares are sold short.

StealthGas Stock Up 1.1%

GASS opened at $6.56 on Tuesday. The stock has a fifty day moving average of $7.04 and a 200-day moving average of $6.31. The company has a market capitalization of $243.77 million, a P/E ratio of 3.98 and a beta of 0.30. StealthGas has a fifty-two week low of $4.82 and a fifty-two week high of $8.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.73 and a current ratio of 3.87.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GASS shares. Wall Street Zen raised shares of StealthGas from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Weiss Ratings reiterated a "buy (b-)" rating on shares of StealthGas in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Towerview LLC increased 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 period. Acadian Asset Management LLC raised its stake in StealthGas by 1.7% in the second quarter. Acadian Asset Management LLC now owns 1,091,498 shares of the shipping company's stock valued at $6,975,000 after purchasing an additional 17,750 shares in the last quarter. Navellier & Associates Inc. increased its holdings in StealthGas by 18.5% in the 1st quarter. Navellier & Associates Inc. now owns 82,572 shares of the shipping company's stock valued at $453,000 after buying an additional 12,886 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of 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, Universal Beteiligungs und Servicegesellschaft mbH raised its position in StealthGas by 9.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,557 shares of the shipping company's stock valued at $414,000 after purchasing an additional 5,563 shares in the last quarter. Institutional investors and hedge funds own 66.32% of the company's stock.

About StealthGas

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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