Pyxis Tankers Inc. (NASDAQ:PXS) Stock Short Interest Report for October

Pyxis Tankers Inc. (NASDAQ:PXS) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 48,839 shares, a growth of 125.5% from the September 30th total of 21,660 shares. Based on an average trading volume of 127,558 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Trading of Pyxis Tankers

A hedge fund recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC raised its position in Pyxis Tankers Inc. (NASDAQ:PXS) by 38.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 119,001 shares of the transportation company’s stock after buying an additional 32,900 shares during the period. Renaissance Technologies LLC owned about 1.16% of Pyxis Tankers worth $505,000 as of its most recent filing with the SEC. Institutional investors own 56.19% of the company’s stock.

Analyst Upgrades and Downgrades

PXS has been the topic of several recent research reports. Weiss Ratings raised shares of Pyxis Tankers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Wall Street Zen upgraded shares of Pyxis Tankers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 3rd. Finally, Alliance Global Partners reissued a “buy” rating on shares of Pyxis Tankers in a research report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Pyxis Tankers presently has an average rating of “Moderate Buy”.

Pyxis Tankers Price Performance

Shares of NASDAQ:PXS traded down $0.17 during trading on Friday, reaching $7.11. The stock had a trading volume of 46,238 shares, compared to its average volume of 102,211. The stock has a market capitalization of $72.81 million, a PE ratio of 8.78 and a beta of -0.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.72 and a quick ratio of 4.68. Pyxis Tankers has a 52 week low of $2.61 and a 52 week high of $8.34. The business’s 50-day moving average price is $6.91 and its 200 day moving average price is $4.90.

Pyxis Tankers (NASDAQ:PXS) last announced its earnings results 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 analysts’ expectations of $10.34 million.

About Pyxis Tankers

Pyxis Tankers Inc (NASDAQ: PXS) is a maritime transportation company that owns and operates vessels serving the international seaborne trade. Its principal business is the transportation of refined petroleum products and other liquid bulk cargoes, supporting energy companies, commodity traders and other customers that move products between global markets.

The company’s fleet has primarily consisted of product tankers, including vessels designed to carry clean petroleum products such as gasoline, diesel and jet fuel.