Short Interest in StealthGas Inc. (NASDAQ:GASS) Increases By 352.8%

StealthGas Inc. (NASDAQ:GASS – Get Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 24,000 shares, an increase of 352.8% from the April 30th total of 5,300 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 108,200 shares, the days-to-cover ratio is currently 0.2 days.

StealthGas Stock Performance

Shares of GASS stock remained flat at $3.05 during trading hours on Friday. 338,888 shares of the stock traded hands, compared to its average volume of 110,628. The stock has a 50-day simple moving average of $2.73 and a 200 day simple moving average of $2.81. The stock has a market cap of $117.39 million, a PE ratio of 2.68 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.80 and a current ratio of 1.85. StealthGas has a fifty-two week low of $2.37 and a fifty-two week high of $4.18.

StealthGas (NASDAQ:GASS – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The shipping company reported $0.28 EPS for the quarter. The business had revenue of $36.20 million for the quarter. StealthGas had a net margin of 28.05% and a return on equity of 8.93%.

Institutional Trading of StealthGas

Large investors have recently made changes to their positions in the business. Millennium Management LLC raised its position in StealthGas by 1,712.1% during the second quarter. Millennium Management LLC now owns 400,059 shares of the shipping company’s stock worth $1,284,000 after acquiring an additional 377,982 shares during the period. Cubist Systematic Strategies LLC acquired a new position in StealthGas during the second quarter worth $52,000. Jane Street Group LLC acquired a new position in StealthGas during the second quarter worth $214,000. Goldman Sachs Group Inc. acquired a new position in StealthGas during the second quarter worth $237,000. Finally, Walleye Capital LLC acquired a new position in StealthGas during the second quarter worth $281,000. 45.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GASS has been the subject of several recent analyst reports. TheStreet upgraded shares of StealthGas from a “c” rating to a “b-” rating in a research note on Monday. StockNews.com downgraded shares of StealthGas from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 16th.

StealthGas Company Profile

(Get Rating)

StealthGas, Inc engages in the provision of international energy seaborne transportation services to liquefied petroleum gas sectors. It owns fleet of vessels that carry petroleum and petrochemical gas products in liquefied form such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer.