Tsakos Energy Navigation Limited (NYSE:TNP) Short Interest Update

Tsakos Energy Navigation Limited (NYSE:TNP) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 192,300 shares, a drop of 23.3% from the March 15th total of 250,800 shares. Based on an average trading volume of 277,500 shares, the short-interest ratio is currently 0.7 days. Approximately 0.9% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages have issued reports on TNP. Jefferies Financial Group reiterated a “buy” rating and set a $30.00 price target on shares of Tsakos Energy Navigation in a research report on Wednesday, March 27th. StockNews.com raised Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research note on Saturday.

Institutional Investors Weigh In On Tsakos Energy Navigation

Several institutional investors have recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new stake in Tsakos Energy Navigation in the 3rd quarter valued at about $403,000. Campbell & CO Investment Adviser LLC purchased a new position in Tsakos Energy Navigation during the third quarter worth approximately $1,120,000. Foundation Resource Management Inc. lifted its position in Tsakos Energy Navigation by 18.9% during the fourth quarter. Foundation Resource Management Inc. now owns 367,102 shares of the shipping company’s stock worth $8,157,000 after buying an additional 58,451 shares in the last quarter. Stifel Financial Corp boosted its stake in Tsakos Energy Navigation by 18.4% during the third quarter. Stifel Financial Corp now owns 88,479 shares of the shipping company’s stock worth $1,839,000 after buying an additional 13,778 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Tsakos Energy Navigation in the 3rd quarter valued at $91,000. 19.24% of the stock is currently owned by institutional investors and hedge funds.

Tsakos Energy Navigation Stock Down 0.9 %

Shares of NYSE TNP traded down $0.24 during trading on Monday, hitting $25.11. The company had a trading volume of 213,851 shares, compared to its average volume of 278,510. The firm has a market capitalization of $741.00 million, a price-to-earnings ratio of 2.78 and a beta of -0.14. The stock has a fifty day simple moving average of $24.71 and a two-hundred day simple moving average of $22.99. Tsakos Energy Navigation has a fifty-two week low of $15.50 and a fifty-two week high of $27.20.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.