Pyxis Tankers Inc. (NASDAQ:PXS) Sees Large Decline in Short Interest

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

Pyxis Tankers Price Performance

NASDAQ PXS opened at $3.81 on Friday. The company has a 50-day moving average price of $4.57 and a 200-day moving average price of $4.90. Pyxis Tankers has a 52 week low of $3.75 and a 52 week high of $5.53. The company has a quick ratio of 3.81, a current ratio of 4.71 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $40.01 million, a P/E ratio of 1.36 and a beta of 0.04.

Institutional Trading of Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC grew its stake in Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,795 shares of the transportation company’s stock after buying an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned approximately 1.06% of Pyxis Tankers worth $564,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Company Profile

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.