StealthGas Inc. (NASDAQ:GASS) Short Interest Update

StealthGas Inc. (NASDAQ:GASS) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 119,200 shares, an increase of 46.3% from the August 31st total of 81,500 shares. Based on an average daily trading volume, of 131,200 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s stock are sold short.

StealthGas Stock Performance

Shares of NASDAQ GASS traded down $0.06 during trading hours on Friday, reaching $6.86. The stock had a trading volume of 80,050 shares, compared to its average volume of 155,077. The firm has a 50-day moving average of $6.32 and a 200-day moving average of $6.64. The firm has a market cap of $247.93 million, a price-to-earnings ratio of 4.83 and a beta of 0.80. The company has a current ratio of 2.50, a quick ratio of 2.43 and a debt-to-equity ratio of 0.17. StealthGas has a fifty-two week low of $4.74 and a fifty-two week high of $8.84.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of StealthGas from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 15th.

Institutional Investors Weigh In On StealthGas

Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of StealthGas by 17.8% in the 1st quarter. Acadian Asset Management LLC now owns 1,250,536 shares of the shipping company’s stock valued at $7,403,000 after acquiring an additional 189,157 shares during the period. Sanctuary Advisors LLC acquired a new position in StealthGas in the second quarter valued at $504,000. Inspire Advisors LLC purchased a new stake in shares of StealthGas in the first quarter valued at about $232,000. XTX Topco Ltd acquired a new stake in shares of StealthGas during the second quarter worth about $146,000. Finally, DGS Capital Management LLC purchased a new position in shares of StealthGas during the first quarter worth about $106,000. 66.32% of the stock is owned by institutional investors and hedge funds.

StealthGas Company Profile

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.