Pyxis Tankers Inc. (NASDAQ:PXS) Short Interest Update

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 37,843 shares, a growth of 72.8% from the August 31st total of 21,903 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 244,773 shares, the days-to-cover ratio is presently 0.2 days.

Pyxis Tankers Stock Up 6.1%

Shares of NASDAQ PXS opened at $7.61 on Friday. Pyxis Tankers has a 52-week low of $2.56 and a 52-week high of $8.30. The firm has a market capitalization of $77.93 million, a price-to-earnings ratio of 9.40 and a beta of -0.54. The stock has a 50 day moving average price of $5.80 and a 200 day moving average price of $4.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.68 and a current ratio of 4.72.

Pyxis Tankers (NASDAQ:PXS) last released its quarterly earnings data on Monday, August 31st. The transportation company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. Pyxis Tankers had a return on equity of 8.24% and a net margin of 20.00%.The company had revenue of $12.13 million for the quarter, compared to the consensus estimate of $10.34 million.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen lowered Pyxis Tankers from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings cut Pyxis Tankers from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Finally, Alliance Global Partners reissued a “buy” rating on shares of Pyxis Tankers in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Institutional Trading of Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC increased its holdings in Pyxis Tankers Inc. (NASDAQ:PXS) by 38.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,001 shares of the transportation company’s stock after acquiring an additional 32,900 shares during the quarter. Renaissance Technologies LLC owned approximately 1.16% of Pyxis Tankers worth $505,000 as of its most recent SEC filing. Institutional investors and hedge funds own 56.19% of the company’s stock.

About Pyxis Tankers

Pyxis Tankers Inc is a maritime transportation company that owns and operates oceangoing vessels serving the international energy and dry-bulk shipping markets. Its activities primarily involve the transportation of refined petroleum products and other liquid bulk cargoes, along with dry-bulk commodities.

The company’s fleet has included product tankers, which carry refined petroleum products such as gasoline, diesel and jet fuel, as well as dry-bulk vessels used to transport commodities.