Pyxis Tankers Inc. (NASDAQ:PXS) Sees Large Increase in Short Interest

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a significant growth in short interest during the month of 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. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 127,558 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

PXS has been the topic of a number of research analyst reports. Alliance Global Partners reissued a “buy” rating on shares of Pyxis Tankers in a report on Tuesday, September 29th. Weiss Ratings raised Pyxis Tankers from a “hold (c)” rating to a “hold (c+)” rating in a research note 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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Pyxis Tankers Price Performance

PXS stock traded down $0.01 during midday trading on Friday, reaching $7.28. The company had a trading volume of 17,860 shares, compared to its average volume of 73,389. The stock has a 50 day moving average price of $6.87 and a 200-day moving average price of $4.88. The company has a market capitalization of $74.50 million, a price-to-earnings ratio of 8.98 and a beta of -0.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.72 and a quick ratio of 4.68. Pyxis Tankers has a 1-year low of $2.61 and a 1-year high of $8.34.

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

Hedge Funds Weigh In On Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. NewEdge Advisors LLC raised its stake in Pyxis Tankers Inc. (NASDAQ:PXS) by 48.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,527 shares of the transportation company’s stock after buying an additional 12,830 shares during the period. NewEdge Advisors LLC owned about 0.39% of Pyxis Tankers worth $164,000 at the end of the most recent quarter. 56.19% of the stock is currently owned by hedge funds and other institutional investors.

Pyxis Tankers Company Profile

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.