Short Interest in StealthGas, Inc. (NASDAQ:GASS) Increases By 56.1%

StealthGas, Inc. (NASDAQ:GASS) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 20,592 shares, an increase of 56.1% from the February 12th total of 13,191 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 111,957 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 111,957 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

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

StealthGas Stock Performance

NASDAQ GASS traded down $0.24 on Friday, hitting $8.73. 177,125 shares of the stock were exchanged, compared to its average volume of 246,286. StealthGas has a 52-week low of $4.90 and a 52-week high of $10.52. The firm has a market capitalization of $324.41 million, a P/E ratio of 5.32 and a beta of 0.22. The stock has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $7.35.

StealthGas (NASDAQ:GASS) last announced its earnings results on Monday, March 2nd. The shipping company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The business had revenue of $39.37 million for the quarter, compared to the consensus estimate of $39.80 million.

Institutional Trading of StealthGas

Several institutional investors have recently added to or reduced their stakes in the company. Towerview LLC boosted its position in shares of StealthGas by 5.5% during the fourth quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock valued at $21,534,000 after buying an additional 160,000 shares during the period. Acadian Asset Management LLC raised its holdings in shares of StealthGas by 1.7% in the second quarter. Acadian Asset Management LLC now owns 1,091,498 shares of the shipping company’s stock worth $6,975,000 after buying an additional 17,750 shares during the period. UBS Group AG lifted its stake 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 worth $1,704,000 after acquiring an additional 45,846 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of StealthGas by 31.3% during the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock worth $1,554,000 after acquiring an additional 56,493 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in StealthGas by 24.5% during the 3rd quarter. Millennium Management LLC now owns 208,190 shares of the shipping company’s stock valued at $1,364,000 after acquiring an additional 40,912 shares during the period. Institutional investors own 66.32% of the company’s stock.

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.