Pyxis Tankers Inc. (NASDAQ:PXS) Short Interest Down 24.4% in November

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 67,800 shares, a decrease of 24.4% from the October 31st total of 89,700 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 23,600 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC raised its stake in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 110,795 shares of the transportation company’s stock after buying an additional 25,194 shares during the period. Renaissance Technologies LLC owned about 1.06% of Pyxis Tankers worth $564,000 as of its most recent SEC filing. 56.19% of the stock is owned by hedge funds and other institutional investors.

Pyxis Tankers Price Performance

Shares of NASDAQ:PXS opened at $3.81 on Friday. The business has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $4.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.81 and a current ratio of 4.71. The firm has a market cap of $40.01 million, a price-to-earnings ratio of 1.36 and a beta of 0.04. Pyxis Tankers has a fifty-two week low of $3.75 and a fifty-two week high of $5.53.

About Pyxis Tankers

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.