StealthGas Inc. (NASDAQ:GASS) Short Interest Update

StealthGas Inc. (NASDAQ:GASS) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 52,000 shares, a growth of 55.2% from the February 13th total of 33,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 140,500 shares, the days-to-cover ratio is presently 0.4 days.

StealthGas Trading Down 0.4 %

StealthGas stock traded down $0.02 during midday trading on Friday, reaching $5.55. The stock had a trading volume of 77,808 shares, compared to its average volume of 119,794. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. StealthGas has a 52-week low of $4.82 and a 52-week high of $8.84. The firm has a market cap of $203.91 million, a price-to-earnings ratio of 3.14 and a beta of 0.75. The company has a fifty day moving average of $5.70 and a 200 day moving average of $5.90.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings data on Friday, February 21st. The shipping company reported $0.38 earnings per share for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%. The company had revenue of $40.25 million for the quarter.

Institutional Trading of StealthGas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GASS. R Squared Ltd bought a new position in StealthGas in the 4th quarter worth about $53,000. Bank of America Corp DE grew its stake in StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after acquiring an additional 8,982 shares in the last quarter. Lazard Asset Management LLC bought a new position in StealthGas in the 4th quarter worth about $61,000. Altshuler Shaham Ltd grew its stake in StealthGas by 5,542.0% in the 4th quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company’s stock worth $82,000 after acquiring an additional 14,243 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in StealthGas in the 4th quarter worth about $88,000. 66.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research report on Friday.

StealthGas Company Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.