Short Interest in Pyxis Tankers Inc (NASDAQ:PXS) Increases By 13.6%

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Pyxis Tankers Inc (NASDAQ:PXS) was the recipient of a significant growth in short interest in November. As of November 29th, there was short interest totalling 75,200 shares, a growth of 13.6% from the November 14th total of 66,200 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 126,600 shares, the short-interest ratio is presently 0.6 days.

In other news, insider Phillips Gary 927,000 shares of the firm’s stock in a transaction dated Thursday, November 21st.

A hedge fund recently raised its stake in Pyxis Tankers stock. Virtu Financial LLC raised its position in shares of Pyxis Tankers Inc (NASDAQ:PXS) by 134.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,968 shares of the transportation company’s stock after buying an additional 20,073 shares during the period. Virtu Financial LLC owned about 0.17% of Pyxis Tankers worth $52,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.38% of the company’s stock.

Shares of NASDAQ PXS traded up $0.01 during mid-day trading on Friday, hitting $1.18. 28,480 shares of the stock were exchanged, compared to its average volume of 67,948. The company has a market cap of $24.89 million, a P/E ratio of -2.40 and a beta of -0.88. The stock’s fifty day simple moving average is $1.24 and its two-hundred day simple moving average is $1.20. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.12 and a current ratio of 0.16. Pyxis Tankers has a twelve month low of $0.64 and a twelve month high of $1.80.

Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings data on Thursday, November 14th. The transportation company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $7.31 million during the quarter. Pyxis Tankers had a negative net margin of 29.28% and a negative return on equity of 20.13%.

Several research analysts recently issued reports on PXS shares. ValuEngine lowered shares of Pyxis Tankers from a “buy” rating to a “hold” rating in a research report on Tuesday. Noble Financial reissued a “buy” rating and issued a $2.00 price target on shares of Pyxis Tankers in a research report on Sunday, November 17th. Aegis started coverage on shares of Pyxis Tankers in a research report on Tuesday, October 15th. They issued a “buy” rating and a $2.50 price target for the company. Finally, Zacks Investment Research lowered shares of Pyxis Tankers from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $2.25.

About Pyxis Tankers

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.

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