Pyxis Tankers Inc (NASDAQ:PXS) Sees Significant Growth in Short Interest

Pyxis Tankers Inc (NASDAQ:PXS) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 70,600 shares, an increase of 29.1% from the September 30th total of 54,700 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 123,200 shares, the days-to-cover ratio is presently 0.6 days.

Shares of PXS traded down $0.09 during mid-day trading on Thursday, hitting $1.01. 230,200 shares of the company’s stock were exchanged, compared to its average volume of 156,634. The company has a quick ratio of 0.13, a current ratio of 0.18 and a debt-to-equity ratio of 1.69. The firm has a fifty day moving average of $1.52 and a two-hundred day moving average of $1.21. The stock has a market cap of $23.25 million, a price-to-earnings ratio of -2.06 and a beta of -0.76. Pyxis Tankers has a twelve month low of $0.64 and a twelve month high of $2.83.

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 Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). The firm had revenue of $6.46 million for the quarter, compared to the consensus estimate of $8.69 million. Pyxis Tankers had a negative return on equity of 27.52% and a negative net margin of 40.96%. On average, equities analysts predict that Pyxis Tankers will post -0.27 earnings per share for the current year.

Several research analysts have recently commented on PXS shares. Aegis started coverage on shares of Pyxis Tankers in a research note on Tuesday, October 15th. They set a “buy” rating and a $2.50 price target on the stock. ValuEngine upgraded shares of Pyxis Tankers from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Zacks Investment Research upgraded shares of Pyxis Tankers from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Wednesday, October 16th. Finally, Noble Financial restated a “buy” rating and set a $2.00 price target on shares of Pyxis Tankers in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating, Pyxis Tankers has a consensus rating of “Buy” and an average price target of $2.25.

About Pyxis Tankers

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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