Pyxis Tankers Inc (NASDAQ:PXS) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 204,500 shares, a decrease of 11.3% from the July 31st total of 230,500 shares. Approximately 5.4% of the shares of the company are short sold. Based on an average daily trading volume, of 69,600 shares, the days-to-cover ratio is presently 2.9 days.
PXS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Pyxis Tankers from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th. Noble Financial restated a “buy” rating and issued a $2.00 target price on shares of Pyxis Tankers in a research note on Tuesday, August 13th.
Shares of PXS traded up $0.03 during mid-day trading on Friday, reaching $1.24. The company had a trading volume of 53,880 shares, compared to its average volume of 123,207. Pyxis Tankers has a 52-week low of $0.64 and a 52-week high of $3.70. The company has a quick ratio of 0.13, a current ratio of 0.18 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $25.89 million, a P/E ratio of -2.53 and a beta of -0.79. The stock has a 50 day moving average of $1.09 and a two-hundred day moving average of $1.14.
Pyxis Tankers (NASDAQ:PXS) last issued its earnings results on Monday, August 12th. The transportation company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Pyxis Tankers had a negative return on equity of 27.52% and a negative net margin of 40.96%. The company had revenue of $6.46 million during the quarter, compared to analysts’ expectations of $8.69 million. On average, sell-side analysts expect that Pyxis Tankers will post -0.27 earnings per share for the current year.
About Pyxis Tankers
Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.
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