Pyxis Tankers Inc. (NASDAQ:PXS) Short Interest Up 32.0% in September

Pyxis Tankers Inc. (NASDAQ:PXS - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 90,300 shares, an increase of 32.0% from the September 15th total of 68,400 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners assumed coverage on shares of Pyxis Tankers in a report on Wednesday, July 17th. They set a "buy" rating and a $10.00 target price for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC raised its position in Pyxis Tankers Inc. (NASDAQ:PXS - Free Report) by 29.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,795 shares of the transportation company's stock after purchasing an additional 25,194 shares during the period. Renaissance Technologies LLC owned 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the Securities and Exchange Commission. 56.19% of the stock is owned by institutional investors and hedge funds.

Pyxis Tankers Trading Down 0.9 %

Shares of NASDAQ:PXS traded down $0.05 during mid-day trading on Tuesday, reaching $4.90. 24,560 shares of the company were exchanged, compared to its average volume of 38,646. Pyxis Tankers has a 1 year low of $3.55 and a 1 year high of $5.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.98 and a quick ratio of 3.81. The firm's 50-day simple moving average is $5.05 and its 200 day simple moving average is $4.98. The firm has a market cap of $51.39 million, a price-to-earnings ratio of 1.92 and a beta of 0.02.

Pyxis Tankers (NASDAQ:PXS - Get Free Report) last posted its earnings results on Monday, August 12th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $13.91 million for the quarter. Pyxis Tankers had a return on equity of 34.92% and a net margin of 67.93%.

About Pyxis Tankers

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.