BW LPG Limited (NYSE:BWLP) Short Interest Up 59.9% in October

BW LPG Limited (NYSE:BWLP) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 518,900 shares, an increase of 59.9% from the October 15th total of 324,600 shares. Based on an average trading volume of 329,700 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of BW LPG

Several institutional investors and hedge funds have recently made changes to their positions in BWLP. Avior Wealth Management LLC purchased a new stake in shares of BW LPG in the third quarter valued at about $43,000. Centiva Capital LP purchased a new stake in shares of BW LPG in the third quarter valued at about $183,000. Plato Investment Management Ltd purchased a new stake in shares of BW LPG in the third quarter valued at about $207,000. HighTower Advisors LLC purchased a new stake in shares of BW LPG in the third quarter valued at about $219,000. Finally, Optimum Investment Advisors raised its holdings in shares of BW LPG by 644.0% in the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after purchasing an additional 16,100 shares during the last quarter.

BW LPG Price Performance

Shares of NYSE BWLP opened at $12.99 on Friday. BW LPG has a 12-month low of $10.32 and a 12-month high of $22.31. The business’s fifty day moving average is $14.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The business had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $0.58 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $2.32 annualized dividend and a dividend yield of 17.86%.

About BW LPG

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.