StealthGas, Inc. (NASDAQ:GASS – Get 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:GASS – Get 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
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
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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