BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 666,000 shares, an increase of 20.0% from the November 15th total of 555,200 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 358,600 shares, the short-interest ratio is presently 1.9 days.

BW LPG Trading Down 0.7 %

NYSE:BWLP opened at $10.89 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $13.16 and its two-hundred day moving average is $15.33. BW LPG has a 52 week low of $10.32 and a 52 week high of $22.31.

BW LPG Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 15.43%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Trading of BW LPG

Several hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC bought a new stake in shares of BW LPG in the 3rd quarter worth approximately $43,000. XTX Topco Ltd lifted its holdings in shares of BW LPG by 75.1% in the 3rd quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock worth $370,000 after purchasing an additional 11,013 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of BW LPG by 33.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock worth $740,000 after purchasing an additional 12,622 shares during the last quarter. Centiva Capital LP bought a new stake in shares of BW LPG in the 3rd quarter worth approximately $183,000. Finally, Plato Investment Management Ltd bought a new stake in BW LPG during the 3rd quarter valued at $207,000.

About BW LPG

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.