Short Interest in StealthGas Inc. (NASDAQ:GASS) Decreases By 13.4%

StealthGas Inc. (NASDAQ:GASS) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 33,500 shares, a decrease of 13.4% from the January 31st total of 38,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 153,700 shares, the short-interest ratio is currently 0.2 days.

StealthGas Trading Up 1.7 %

NASDAQ:GASS opened at $5.44 on Thursday. The company has a market cap of $199.87 million, a P/E ratio of 3.07 and a beta of 0.77. The stock’s fifty day moving average price is $5.70 and its two-hundred day moving average price is $5.93. StealthGas has a 1 year low of $4.82 and a 1 year high of $8.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59.

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

Institutional Investors Weigh In On StealthGas

Several institutional investors have recently made changes to their positions in the stock. Towerview LLC raised its position in shares of StealthGas by 10.0% in the third quarter. Towerview LLC now owns 2,457,500 shares of the shipping company’s stock worth $16,736,000 after buying an additional 222,500 shares in the last quarter. PDT Partners LLC raised its position in shares of StealthGas by 42.6% in the third quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock worth $233,000 after buying an additional 10,224 shares in the last quarter. Quadrature Capital Ltd raised its position in shares of StealthGas by 14.8% in the third quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock worth $155,000 after buying an additional 2,933 shares in the last quarter. State Street Corp raised its position in shares of StealthGas by 44.7% in the third quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock worth $311,000 after buying an additional 14,093 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of StealthGas by 16.6% in the third quarter. Sanctuary Advisors LLC now owns 79,987 shares of the shipping company’s stock worth $545,000 after buying an additional 11,383 shares in the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

About StealthGas

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.