Short Interest in StealthGas Inc. (NASDAQ:GASS) Expands By 55.2%

StealthGas Inc. (NASDAQ:GASS - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 52,000 shares, an increase of 55.2% from the February 13th total of 33,500 shares. Based on an average daily trading volume, of 140,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of StealthGas from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.

StealthGas Trading Up 4.8 %

Shares of NASDAQ:GASS traded up $0.27 during trading on Wednesday, reaching $5.92. The stock had a trading volume of 98,969 shares, compared to its average volume of 137,923. The business has a fifty day moving average price of $5.69 and a 200-day moving average price of $5.90. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. The stock has a market cap of $217.51 million, a P/E ratio of 3.34 and a beta of 0.75. StealthGas has a fifty-two week low of $4.82 and a fifty-two week high of $8.84.

StealthGas (NASDAQ:GASS - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%. The firm had revenue of $40.25 million during the quarter.

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Hedge Funds Weigh In On StealthGas

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd acquired a new position in StealthGas during the fourth quarter worth approximately $53,000. Bank of America Corp DE increased its position in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company's stock worth $58,000 after purchasing an additional 8,982 shares during the last quarter. Lazard Asset Management LLC acquired a new position in StealthGas during the fourth quarter worth approximately $61,000. Altshuler Shaham Ltd increased its position in StealthGas by 5,542.0% during the fourth quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company's stock worth $82,000 after purchasing an additional 14,243 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in StealthGas during the fourth quarter worth approximately $88,000. Institutional investors and hedge funds own 66.32% of the company's stock.

StealthGas Company Profile

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.