Dynagas LNG Partners LP (NYSE:DLNG) Sees Large Increase in Short Interest

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 14,000 shares, an increase of 72.8% from the July 15th total of 8,100 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,300 shares, the short-interest ratio is currently 0.3 days.

Dynagas LNG Partners Stock Performance

NYSE:DLNG traded up $0.08 during trading hours on Friday, hitting $3.78. 13,686 shares of the company’s stock traded hands, compared to its average volume of 44,031. The firm has a market cap of $139.26 million, a P/E ratio of 5.30 and a beta of 1.41. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $4.24. The stock’s fifty day moving average price is $3.86 and its two-hundred day moving average price is $3.48.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Friday, June 28th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). Dynagas LNG Partners had a net margin of 23.58% and a return on equity of 9.98%. The business had revenue of $38.06 million during the quarter, compared to the consensus estimate of $37.92 million. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, equities research analysts predict that Dynagas LNG Partners will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 4th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Dynagas LNG Partners stock. Apollon Wealth Management LLC purchased a new stake in shares of Dynagas LNG Partners LP (NYSE:DLNG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,130 shares of the shipping company’s stock, valued at approximately $42,000.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.