StealthGas Inc. (NASDAQ:GASS - Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 220,500 shares, a decline of 5.7% from the July 15th total of 233,800 shares. Based on an average daily volume of 156,800 shares, the short-interest ratio is presently 1.4 days. Approximately 0.9% of the company's stock are sold short.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of StealthGas from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 10th.
Check Out Our Latest Stock Analysis on StealthGas
Hedge Funds Weigh In On StealthGas
Several hedge funds and other institutional investors have recently bought and sold shares of GASS. EntryPoint Capital LLC bought a new position in StealthGas during the 1st quarter valued at about $62,000. Virtu Financial LLC purchased a new stake in shares of StealthGas during the 1st quarter valued at about $64,000. Heron Bay Capital Management purchased a new stake in shares of StealthGas during the 1st quarter valued at about $78,000. DGS Capital Management LLC purchased a new stake in shares of StealthGas during the 1st quarter valued at about $106,000. Finally, XTX Topco Ltd purchased a new stake in shares of StealthGas during the 2nd quarter valued at about $146,000. Institutional investors own 66.32% of the company's stock.
StealthGas Stock Down 0.5 %
StealthGas stock traded down $0.03 during mid-day trading on Monday, reaching $6.10. The stock had a trading volume of 113,549 shares, compared to its average volume of 159,656. The company has a market capitalization of $220.47 million, a price-to-earnings ratio of 4.30 and a beta of 0.84. The company has a 50-day moving average price of $6.84 and a two-hundred day moving average price of $6.69. StealthGas has a one year low of $4.61 and a one year high of $8.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 2.20.
StealthGas (NASDAQ:GASS - Get Free Report) last posted its earnings results on Wednesday, May 22nd. The shipping company reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $38.71 million for the quarter. StealthGas had a net margin of 35.95% and a return on equity of 9.19%.
About StealthGas
(
Get Free Report)
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.
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