StealthGas Inc. (NASDAQ:GASS) Short Interest Update

StealthGas Inc. (NASDAQ:GASS) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 40,000 shares, a decline of 69.7% from the December 15th total of 132,000 shares. Based on an average trading volume of 163,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On StealthGas

Large investors have recently made changes to their positions in the business. Inspire Advisors LLC increased its holdings in StealthGas by 41.3% during the second quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company’s stock worth $405,000 after buying an additional 16,085 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of StealthGas in the 2nd quarter worth approximately $146,000. Sei Investments Co. lifted its stake in StealthGas by 37.6% in the second quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock valued at $194,000 after purchasing an additional 7,222 shares during the last quarter. Sanctuary Advisors LLC bought a new position in StealthGas during the second quarter valued at $504,000. Finally, Towerview LLC increased its position in 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 during the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

StealthGas Stock Performance

Shares of NASDAQ GASS traded up $0.02 during midday trading on Monday, reaching $5.95. The company’s stock had a trading volume of 144,453 shares, compared to its average volume of 191,022. The stock has a market capitalization of $218.61 million, a P/E ratio of 3.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. The firm has a 50 day moving average price of $5.54 and a 200-day moving average price of $6.15. StealthGas has a 12-month low of $4.82 and a 12-month high of $8.84.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of StealthGas from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 15th.

StealthGas Company Profile

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.