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

BW LPG Limited (NYSE:BWLP - Get Free Report) was the target of a significant growth in short interest during the month of 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. Based on an average daily trading volume, of 499,400 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.0% of the shares of the company are sold short.

Hedge Funds Weigh In On BW LPG

Several large investors have recently bought and sold shares of the stock. Swiss National Bank raised its stake in BW LPG by 0.6% during the 4th quarter. Swiss National Bank now owns 166,377 shares of the company's stock valued at $1,836,000 after purchasing an additional 1,071 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in BW LPG by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company's stock valued at $4,375,000 after buying an additional 1,175 shares during the period. SBI Securities Co. Ltd. bought a new stake in BW LPG in the 4th quarter valued at $26,000. XTX Topco Ltd increased its holdings in BW LPG by 9.1% in the 4th quarter. XTX Topco Ltd now owns 27,995 shares of the company's stock valued at $318,000 after buying an additional 2,324 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in BW LPG by 98.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock valued at $67,000 after buying an additional 2,902 shares during the period.

BW LPG Price Performance

Shares of BW LPG stock traded down $0.16 on Monday, reaching $12.69. The stock had a trading volume of 262,098 shares. BW LPG has a fifty-two week low of $9.95 and a fifty-two week high of $22.31. The business's 50-day moving average price is $11.84 and its two-hundred day moving average price is $13.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.

BW LPG (NYSE:BWLP - Get Free Report) last released its earnings results on Monday, December 2nd. The company reported $0.79 EPS for the quarter.

BW LPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 13.24%. The ex-dividend date was Thursday, December 12th.

Analyst Ratings Changes

Separately, Pareto Securities upgraded shares of BW LPG from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.

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.