Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Up 117.4% in December

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 67,600 shares, an increase of 117.4% from the December 15th total of 31,100 shares. Based on an average trading volume of 58,900 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company's stock are sold short.

Institutional Trading of Dynagas LNG Partners

A number of large investors have recently made changes to their positions in the company. Apollon Wealth Management LLC lifted its stake in Dynagas LNG Partners by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company's stock valued at $67,000 after buying an additional 2,650 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Dynagas LNG Partners by 158.8% in the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company's stock valued at $145,000 after acquiring an additional 23,500 shares during the period. Finally, FMR LLC raised its position in Dynagas LNG Partners by 26.1% in the 3rd quarter. FMR LLC now owns 1,280,800 shares of the shipping company's stock valued at $4,854,000 after purchasing an additional 265,337 shares during the last quarter.

Dynagas LNG Partners Stock Down 1.7 %

NYSE:DLNG traded down $0.09 during midday trading on Tuesday, hitting $5.28. 128,283 shares of the company were exchanged, compared to its average volume of 151,523. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $5.65. The company has a market capitalization of $194.31 million, a PE ratio of 5.50 and a beta of 1.38. The company has a fifty day simple moving average of $4.71 and a 200 day simple moving average of $4.13.

Dynagas LNG Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were issued a $0.049 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Monday, December 9th. Dynagas LNG Partners's payout ratio is currently 19.79%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Dynagas LNG Partners in a report on Sunday, January 5th. They set a "buy" rating on the stock.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.

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