StealthGas, Inc. (NASDAQ:GASS) Short Interest Update

StealthGas, Inc. (NASDAQ:GASS) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 59,702 shares, an increase of 104.9% from the April 15th total of 29,133 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 98,323 shares, the days-to-cover ratio is currently 0.6 days.

StealthGas Price Performance

StealthGas stock traded up $0.05 during trading hours on Monday, hitting $10.12. The stock had a trading volume of 75,123 shares, compared to its average volume of 149,031. StealthGas has a 1-year low of $5.22 and a 1-year high of $10.52. The stock has a market capitalization of $379.85 million, a price-to-earnings ratio of 6.17 and a beta of 0.25. The stock’s fifty day moving average is $9.52 and its two-hundred day moving average is $8.15.

StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Monday, March 2nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. StealthGas had a return on equity of 9.08% and a net margin of 35.03%.The business had revenue of $39.37 million during the quarter, compared to the consensus estimate of $39.80 million.

Institutional Trading of StealthGas

Several large investors have recently modified their holdings of the business. LOM Asset Management Ltd acquired a new position in shares of StealthGas during the 4th quarter worth approximately $35,000. Royal Bank of Canada grew its holdings in StealthGas by 343.3% during the 4th quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock valued at $36,000 after buying an additional 3,921 shares during the last quarter. Bank of America Corp DE increased its position in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after buying an additional 8,982 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of StealthGas in the fourth quarter worth $78,000. Finally, XTX Topco Ltd acquired a new position in shares of StealthGas in the fourth quarter worth $79,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.