StealthGas, Inc. (NASDAQ:GASS) Short Interest Update

by · The Markets Daily

StealthGas, Inc. (NASDAQ:GASS – Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 61,249 shares, an increase of 188.5% from the November 30th total of 21,232 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 155,554 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 155,554 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GASS shares. Weiss Ratings reissued a “buy (b-)” rating on shares of StealthGas in a research report on Wednesday, October 8th. Wall Street Zen cut StealthGas from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, StealthGas presently has an average rating of “Buy”.

View Our Latest Analysis on StealthGas

Institutional Trading of StealthGas

Several institutional investors have recently added to or reduced their stakes in the stock. Towerview LLC increased its position in shares of StealthGas by 2.9% in the 2nd quarter. Towerview LLC now owns 2,849,929 shares of the shipping company’s stock worth $18,268,000 after purchasing an additional 79,929 shares during the last quarter. Two Sigma Investments LP raised its stake in StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after buying an additional 56,493 shares in the last quarter. UBS Group AG grew its position in shares of StealthGas by 21.4% in the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock worth $1,704,000 after acquiring an additional 45,846 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of StealthGas in the 3rd quarter valued at approximately $276,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of StealthGas by 136.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 72,009 shares of the shipping company’s stock valued at $407,000 after acquiring an additional 41,497 shares in the last quarter. 66.32% of the stock is owned by institutional investors and hedge funds.

StealthGas Price Performance

GASS traded up $0.14 during trading hours on Friday, reaching $7.01. 76,514 shares of the stock traded hands, compared to its average volume of 128,224. StealthGas has a fifty-two week low of $4.90 and a fifty-two week high of $8.18. The company has a market cap of $260.49 million, a price-to-earnings ratio of 4.17 and a beta of 0.22. The firm’s fifty day simple moving average is $6.78 and its two-hundred day simple moving average is $6.80.

StealthGas (NASDAQ:GASS – Get Free Report) last posted its quarterly earnings data on Tuesday, November 25th. The shipping company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. StealthGas had a net margin of 35.02% and a return on equity of 9.62%. The company had revenue of $44.53 million during the quarter, compared to analysts’ expectations of $39.20 million. During the same period in the prior year, the company posted $0.33 EPS.

StealthGas Company Profile

(Get Free Report)

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.

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