StealthGas Inc. (NASDAQ:GASS – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Research Report on StealthGas
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.
Featured Articles
- Five stocks we like better than StealthGas
- ESG Stocks, What Investors Should Know
- Eli Lilly, Pfizer, and AstraZeneca: 2025 Vaccine Makers to Watch
- 3 Monster Growth Stocks to Buy Now
- DICK’S Sporting Goods: The Under-the-Radar Buy-and-Hold Winner
- With Risk Tolerance, One Size Does Not Fit All
- 2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ
Receive News & Ratings for StealthGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StealthGas and related companies with MarketBeat.com's FREE daily email newsletter.