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

StealthGas, Inc. (NASDAQ:GASS) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 59,702 shares, a growth of 104.9% from the April 15th total of 29,133 shares. Based on an average daily trading volume, of 98,323 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On StealthGas

A number of hedge funds and other institutional investors have recently made changes to their positions in GASS. Towerview LLC grew its stake in shares of StealthGas by 5.5% during the 4th quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock worth $21,534,000 after purchasing an additional 160,000 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of StealthGas during the 4th quarter worth approximately $552,000. Two Sigma Investments LP grew its stake in shares of StealthGas by 31.3% during the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock worth $1,554,000 after purchasing an additional 56,493 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of StealthGas by 51.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 153,211 shares of the shipping company’s stock worth $1,076,000 after purchasing an additional 51,920 shares during the period. Finally, Militia Capital Management LLC purchased a new position in StealthGas during the first quarter worth approximately $422,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

StealthGas Price Performance

GASS traded down $0.19 during trading on Friday, reaching $10.07. 52,434 shares of the company’s stock were exchanged, compared to its average volume of 113,837. StealthGas has a 1 year low of $5.22 and a 1 year high of $10.52. The stock has a market capitalization of $377.80 million, a P/E ratio of 6.14 and a beta of 0.25. The company’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $8.14.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Monday, March 2nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The company had revenue of $39.37 million during the quarter, compared to analyst estimates of $39.80 million.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.