Pyxis Tankers Inc. (NASDAQ:PXS) Short Interest Update

Pyxis Tankers Inc. (NASDAQ:PXS) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 90,300 shares, an increase of 32.0% from the September 15th total of 68,400 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 2.9 days. Approximately 2.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on shares of Pyxis Tankers in a research report on Wednesday, July 17th. They set a “buy” rating and a $10.00 price target for the company.

Pyxis Tankers Stock Performance

Shares of Pyxis Tankers stock traded down $0.05 during midday trading on Tuesday, hitting $4.89. The company had a trading volume of 24,129 shares, compared to its average volume of 38,643. Pyxis Tankers has a 1-year low of $3.55 and a 1-year high of $5.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.98 and a quick ratio of 3.81. The business’s 50 day simple moving average is $5.05 and its two-hundred day simple moving average is $4.97. The stock has a market cap of $51.34 million, a PE ratio of 1.94 and a beta of 0.02.

Pyxis Tankers (NASDAQ:PXS) last announced its quarterly earnings data on Monday, August 12th. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $13.91 million during the quarter. Pyxis Tankers had a return on equity of 34.92% and a net margin of 67.93%.

Institutional Investors Weigh In On Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC boosted its holdings in Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,795 shares of the transportation company’s stock after acquiring an additional 25,194 shares during the period. Renaissance Technologies LLC owned 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the Securities and Exchange Commission. 56.19% of the stock is currently owned by institutional investors.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. 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.