Short Interest in Pyxis Tankers Inc (NASDAQ:PXS) Declines By 12.0%

Pyxis Tankers Inc (NASDAQ:PXS) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 230,500 shares, a decrease of 12.0% from the June 30th total of 262,000 shares. Based on an average daily volume of 77,000 shares, the short-interest ratio is currently 3.0 days. Approximately 6.3% of the shares of the company are short sold.

NASDAQ PXS traded down $0.02 on Friday, hitting $0.98. The stock had a trading volume of 25,320 shares, compared to its average volume of 128,166. Pyxis Tankers has a one year low of $0.64 and a one year high of $3.70. The company has a quick ratio of 0.11, a current ratio of 0.18 and a debt-to-equity ratio of 1.69. The stock has a market cap of $21.77 million, a price-to-earnings ratio of -2.00 and a beta of -0.75. The company’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.13.

Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings data on Monday, August 12th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The company had revenue of $6.46 million during the quarter, compared to the consensus estimate of $8.69 million. Pyxis Tankers had a negative net margin of 40.96% and a negative return on equity of 27.52%. On average, sell-side analysts anticipate that Pyxis Tankers will post -0.27 earnings per share for the current year.

Several research firms have commented on PXS. Noble Financial restated a “buy” rating and issued a $2.00 target price on shares of Pyxis Tankers in a research report on Tuesday. Zacks Investment Research cut shares of Pyxis Tankers from a “hold” rating to a “sell” rating in a research report on Friday.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. 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.

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