BW LPG Limited (NYSE:BWLP) Sees Large Growth in Short Interest

by · The Cerbat Gem

BW LPG Limited (NYSE:BWLP – Get Free Report) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 555,200 shares, an increase of 7.0% from the October 31st total of 518,900 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 323,500 shares, the days-to-cover ratio is presently 1.7 days.

BW LPG Trading Up 1.2 %

Shares of NYSE BWLP opened at $12.42 on Tuesday. The business’s 50 day moving average price is $13.81 and its 200 day moving average price is $15.74. The company has a current ratio of 1.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15. BW LPG has a 52 week low of $10.32 and a 52 week high of $22.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new stake in shares of BW LPG during the 3rd quarter valued at $43,000. XTX Topco Ltd lifted its position in shares of BW LPG by 75.1% in the third quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock worth $370,000 after purchasing an additional 11,013 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of BW LPG by 33.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock valued at $740,000 after acquiring an additional 12,622 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of BW LPG during the 3rd quarter worth approximately $183,000. Finally, Plato Investment Management Ltd acquired a new stake in BW LPG during the 3rd quarter valued at $207,000.

About BW LPG

(Get Free Report)

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.

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