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

StealthGas, Inc. (NASDAQ:GASSGet Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 104,253 shares, an increase of 202.1% from the June 15th total of 34,507 shares. Based on an average daily volume of 161,491 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

StealthGas Stock Performance

Shares of StealthGas stock traded down $0.20 on Monday, hitting $8.70. The company’s stock had a trading volume of 103,325 shares, compared to its average volume of 150,572. StealthGas has a 1 year low of $6.12 and a 1 year high of $10.55. The firm has a fifty day moving average price of $9.22 and a 200-day moving average price of $8.77. The company has a market capitalization of $326.40 million, a price-to-earnings ratio of 5.20 and a beta of 0.25.

StealthGas (NASDAQ:GASSGet Free Report) last issued its quarterly earnings results on Friday, June 5th. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $42.84 million for the quarter, compared to the consensus estimate of $38.40 million. StealthGas had a return on equity of 8.72% and a net margin of 35.91%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GASS. Militia Capital Management LLC purchased a new position in shares of StealthGas during the 1st quarter valued at approximately $422,000. NewEdge Advisors LLC grew its stake in StealthGas by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 50,094 shares of the shipping company’s stock valued at $460,000 after acquiring an additional 2,388 shares during the period. Renaissance Technologies LLC increased its holdings in StealthGas by 0.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock worth $18,660,000 after acquiring an additional 17,100 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in StealthGas by 2.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock worth $4,727,000 after acquiring an additional 12,142 shares in the last quarter. Finally, R Squared Ltd raised its position in StealthGas by 8.7% during the first quarter. R Squared Ltd now owns 38,175 shares of the shipping company’s stock worth $350,000 after acquiring an additional 3,071 shares during the period. 66.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Check Out Our Latest Report on GASS

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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