Short Interest in StealthGas, Inc. (NASDAQ:GASS) Drops By 60.2%

StealthGas, Inc. (NASDAQ:GASS) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 23,229 shares, a decline of 60.2% from the December 31st total of 58,326 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 143,925 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 143,925 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StealthGas in a research note on Wednesday, October 8th. Wall Street Zen raised shares of StealthGas from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Institutional Trading of StealthGas

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LOM Asset Management Ltd purchased a new stake in StealthGas during the 4th quarter worth approximately $35,000. Bank of America Corp DE increased its position in shares of StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after acquiring an additional 8,982 shares during the period. Nipun Capital L.P. acquired a new stake in shares of StealthGas in the second quarter valued at $90,000. Jane Street Group LLC acquired a new stake in shares of StealthGas in the second quarter valued at $91,000. Finally, TD Waterhouse Canada Inc. purchased a new position in StealthGas in the second quarter valued at $103,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

StealthGas Trading Down 0.7%

GASS traded down $0.06 on Thursday, hitting $7.85. 58,819 shares of the company’s stock were exchanged, compared to its average volume of 113,276. StealthGas has a fifty-two week low of $4.90 and a fifty-two week high of $8.18. The stock has a market cap of $291.52 million, a price-to-earnings ratio of 4.67 and a beta of 0.22. The firm has a 50-day moving average price of $7.20 and a 200-day moving average price of $6.96.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Tuesday, November 25th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $44.53 million during the quarter, compared to analyst estimates of $39.20 million. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.During the same period in the prior year, the business earned $0.33 earnings per share.

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.