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

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 19,400 shares, a growth of 61.7% from the September 15th total of 12,000 shares. Based on an average daily trading volume, of 27,500 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com upgraded Dynagas LNG Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 5th.

Dynagas LNG Partners Price Performance

Shares of DLNG stock traded down $0.08 during trading hours on Monday, hitting $3.84. 5,864 shares of the company’s stock were exchanged, compared to its average volume of 39,743. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $4.24. The firm has a market cap of $141.28 million, a P/E ratio of 5.40 and a beta of 1.37. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $3.77 and a two-hundred day moving average of $3.75.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings data on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $37.62 million for the quarter, compared to analyst estimates of $37.92 million. Dynagas LNG Partners had a return on equity of 11.77% and a net margin of 21.27%. During the same quarter in the prior year, the company posted $0.08 earnings per share. Sell-side analysts forecast that Dynagas LNG Partners will post 1.05 EPS for the current year.

About Dynagas LNG Partners

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.