Dorian LPG Ltd. (NYSE:LPG) Short Interest Down 21.4% in November

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 1,690,000 shares, a drop of 21.4% from the October 31st total of 2,150,000 shares. Currently, 4.3% of the company's stock are short sold. Based on an average trading volume of 617,100 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On Dorian LPG

Large investors have recently made changes to their positions in the company. Quarry LP boosted its stake in shares of Dorian LPG by 57.8% during the 2nd quarter. Quarry LP now owns 942 shares of the shipping company's stock worth $40,000 after acquiring an additional 345 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Dorian LPG by 60.3% in the second quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company's stock worth $44,000 after purchasing an additional 395 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Dorian LPG by 126.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company's stock valued at $52,000 after acquiring an additional 697 shares in the last quarter. CWM LLC boosted its stake in shares of Dorian LPG by 285.4% in the third quarter. CWM LLC now owns 2,058 shares of the shipping company's stock worth $71,000 after acquiring an additional 1,524 shares during the period. Finally, Ovata Capital Management Ltd purchased a new stake in shares of Dorian LPG during the second quarter worth about $210,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a $42.00 target price on shares of Dorian LPG in a research note on Thursday, October 31st.

Dorian LPG Stock Up 0.4 %

Dorian LPG stock traded up $0.09 during mid-day trading on Friday, reaching $24.47. The stock had a trading volume of 333,181 shares, compared to its average volume of 754,357. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 4.13 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The company has a 50-day moving average price of $30.64 and a two-hundred day moving average price of $37.26. Dorian LPG has a one year low of $23.92 and a one year high of $51.66.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company had revenue of $82.40 million for the quarter, compared to analysts' expectations of $82.40 million. During the same period in the previous year, the firm earned $1.85 earnings per share. The firm's revenue for the quarter was down 43.1% on a year-over-year basis. On average, analysts expect that Dorian LPG will post 3.45 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, November 25th. Investors of record on Tuesday, November 5th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, November 5th.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.