BW LPG Limited (NYSE:BWLP) Short Interest Up 33.1% in August

BW LPG Limited (NYSE:BWLP) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 422,200 shares, a growth of 33.1% from the August 15th total of 317,300 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 270,200 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On BW LPG

A number of hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in BW LPG in the 2nd quarter valued at about $280,000. Susquehanna International Group Ltd. acquired a new stake in shares of BW LPG in the second quarter valued at approximately $441,000. Allspring Global Investments Holdings LLC bought a new stake in shares of BW LPG during the second quarter valued at approximately $594,000. DekaBank Deutsche Girozentrale acquired a new position in shares of BW LPG during the second quarter worth approximately $698,000. Finally, Jupiter Asset Management Ltd. bought a new position in BW LPG in the 2nd quarter worth approximately $2,050,000.

BW LPG Trading Up 0.8 %

Shares of BWLP traded up $0.11 during midday trading on Monday, reaching $14.52. 152,840 shares of the company were exchanged, compared to its average volume of 147,786. BW LPG has a 1-year low of $10.32 and a 1-year high of $22.31. The company’s 50-day moving average is $15.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.45.

BW LPG (NYSE:BWLP) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 15.98%. The ex-dividend date of this dividend is Tuesday, September 10th.

About BW LPG

BW LPG Limited is an owner and operator of LPG vessels. The company operates through Shipping and Product Services segments. BW LPG Limited is based in Singapore.