StealthGas Inc. (NASDAQ:GASS) Short Interest Up 86.1% in November

StealthGas Inc. (NASDAQ:GASS) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 137,500 shares, a growth of 86.1% from the October 31st total of 73,900 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 138,500 shares, the days-to-cover ratio is currently 1.0 days.

StealthGas Stock Performance

GASS stock traded up $0.04 during midday trading on Thursday, hitting $5.54. 165,169 shares of the company traded hands, compared to its average volume of 152,761. StealthGas has a twelve month low of $5.42 and a twelve month high of $8.84. The stock has a market capitalization of $203.54 million, a price-to-earnings ratio of 3.13 and a beta of 0.83. The company has a quick ratio of 2.43, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $6.30 and a 200-day simple moving average of $6.69.

StealthGas (NASDAQ:GASS) last announced its earnings results on Thursday, September 5th. The shipping company reported $0.70 EPS for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.55%. The firm had revenue of $39.12 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut StealthGas from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 15th.

Institutional Trading of StealthGas

Several hedge funds have recently added to or reduced their stakes in GASS. Quadrature Capital Ltd lifted its holdings in shares of StealthGas by 14.8% during the third quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock worth $155,000 after buying an additional 2,933 shares during the last quarter. Sei Investments Co. increased its position in StealthGas by 37.6% during the second quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock worth $194,000 after acquiring an additional 7,222 shares during the period. Russell Investments Group Ltd. increased its position in StealthGas by 21.0% during the first quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company’s stock worth $325,000 after acquiring an additional 9,512 shares during the period. PDT Partners LLC increased its position in StealthGas by 42.6% during the third quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock worth $233,000 after acquiring an additional 10,224 shares during the period. Finally, Virtu Financial LLC acquired a new position in StealthGas during the 1st quarter valued at $64,000. Institutional investors 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.