StealthGas, Inc. (NASDAQ:GASS) Sees Significant Decline in Short Interest

StealthGas, Inc. (NASDAQ:GASS) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 13,191 shares, a drop of 44.7% from the January 29th total of 23,854 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 135,461 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 135,461 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On StealthGas

Several hedge funds and other institutional investors have recently modified their holdings of GASS. Towerview LLC raised its holdings in StealthGas by 5.5% in the 4th quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock worth $21,534,000 after purchasing an additional 160,000 shares during the period. Kestra Advisory Services LLC purchased a new stake in StealthGas in the fourth quarter worth about $552,000. Two Sigma Investments LP raised its stake in shares of StealthGas by 31.3% in the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock worth $1,554,000 after buying an additional 56,493 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of StealthGas by 51.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 153,211 shares of the shipping company’s stock worth $1,076,000 after buying an additional 51,920 shares during the period. Finally, UBS Group AG lifted its position in shares of StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after buying an additional 45,846 shares in the last quarter. 66.32% of the stock is owned by institutional investors.

StealthGas Stock Down 3.0%

GASS traded down $0.27 during midday trading on Monday, hitting $8.68. 499,909 shares of the company traded hands, compared to its average volume of 129,900. The company’s 50-day moving average is $7.76 and its 200 day moving average is $7.19. The firm has a market capitalization of $322.55 million, a PE ratio of 5.17 and a beta of 0.22. StealthGas has a 52 week low of $4.90 and a 52 week high of $9.32.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research report on Sunday, December 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

StealthGas Company Profile

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.