BW LPG Limited (NYSE:BWLP) Sees Large Growth in Short Interest

BW LPG Limited (NYSE:BWLP) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 875,700 shares, a growth of 123.8% from the January 15th total of 391,300 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 499,400 shares, the short-interest ratio is currently 1.8 days.

BW LPG Trading Up 0.5 %

Shares of BWLP traded up $0.07 during mid-day trading on Thursday, reaching $13.08. 601,677 shares of the company’s stock traded hands, compared to its average volume of 502,106. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average is $11.79 and its two-hundred day moving average is $13.48. BW LPG has a 12 month low of $9.95 and a 12 month high of $22.31.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.79 earnings per share (EPS) for the quarter.

BW LPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a yield of 12.85%.

Analyst Ratings Changes

Separately, Pareto Securities raised BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th.

Institutional Trading of BW LPG

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of BW LPG during the 4th quarter valued at $26,000. Avior Wealth Management LLC purchased a new stake in shares of BW LPG during the 3rd quarter valued at $43,000. Centiva Capital LP purchased a new stake in shares of BW LPG during the 3rd quarter valued at $183,000. Plato Investment Management Ltd purchased a new stake in shares of BW LPG during the 3rd quarter valued at $207,000. Finally, HighTower Advisors LLC acquired a new position in shares of BW LPG in the 3rd quarter valued at $219,000.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.