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

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

StealthGas Stock Performance

StealthGas stock traded down $0.19 during trading on Friday, reaching $10.07. The company had a trading volume of 52,434 shares, compared to its average volume of 113,837. The firm’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $8.14. StealthGas has a 1-year low of $5.22 and a 1-year high of $10.52. The firm has a market capitalization of $377.80 million, a PE ratio of 6.14 and a beta of 0.25.

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, beating analysts’ consensus estimates of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The firm had revenue of $39.37 million for the quarter, compared to analysts’ expectations of $39.80 million.

Institutional Investors Weigh In On StealthGas

Institutional investors have recently added to or reduced their stakes in the stock. LOM Asset Management Ltd acquired a new stake in StealthGas in the 4th quarter valued at $35,000. Royal Bank of Canada grew its stake in StealthGas by 343.3% in the 4th quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 3,921 shares during the period. Bank of America Corp DE boosted its stake in StealthGas by 701.2% during the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after purchasing an additional 8,982 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in StealthGas during the 4th quarter worth $78,000. Finally, XTX Topco Ltd acquired a new stake in StealthGas during the 4th quarter worth $79,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

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.