StealthGas Inc. (NASDAQ:GASS) Short Interest Update

StealthGas Inc. (NASDAQ:GASS) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 52,000 shares, a growth of 55.2% from the February 13th total of 33,500 shares. Based on an average daily volume of 140,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

StealthGas Trading Down 0.4 %

Shares of StealthGas stock traded down $0.02 during trading on Friday, reaching $5.55. The company’s stock had a trading volume of 77,808 shares, compared to its average volume of 119,794. The company has a market cap of $203.91 million, a price-to-earnings ratio of 3.14 and a beta of 0.75. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $5.70 and its two-hundred day moving average is $5.90. StealthGas has a 52-week low of $4.82 and a 52-week high of $8.84.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share for the quarter. The business had revenue of $40.25 million during the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of StealthGas from a “hold” rating to a “buy” rating in a research note on Friday.

Institutional Investors Weigh In On StealthGas

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in StealthGas during the 4th quarter valued at $53,000. Bank of America Corp DE boosted its position in StealthGas by 701.2% during the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after buying an additional 8,982 shares during the period. Lazard Asset Management LLC purchased a new stake in StealthGas during the 4th quarter valued at $61,000. Altshuler Shaham Ltd raised its holdings in StealthGas by 5,542.0% in the 4th quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company’s stock worth $82,000 after purchasing an additional 14,243 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in StealthGas in the 4th quarter worth $88,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

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.