Pyxis Tankers Inc. (NASDAQ:PXS) Short Interest Up 32.0% in September

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 90,300 shares, an increase of 32.0% from the September 15th total of 68,400 shares. Based on an average daily volume of 31,500 shares, the short-interest ratio is currently 2.9 days. Currently, 2.0% of the company’s stock are short sold.

Pyxis Tankers Price Performance

Shares of NASDAQ:PXS traded down $0.05 on Tuesday, reaching $4.89. 24,561 shares of the company traded hands, compared to its average volume of 38,646. The stock has a market capitalization of $51.34 million, a PE ratio of 1.92 and a beta of 0.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.98 and a quick ratio of 3.81. The company’s 50 day moving average is $5.05 and its 200-day moving average is $4.97. Pyxis Tankers has a fifty-two week low of $3.55 and a fifty-two week high of $5.53.

Pyxis Tankers (NASDAQ:PXS) last released its quarterly earnings results on Monday, August 12th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $13.91 million for the quarter. Pyxis Tankers had a net margin of 67.93% and a return on equity of 34.92%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners assumed coverage on shares of Pyxis Tankers in a research note on Wednesday, July 17th. They set a “buy” rating and a $10.00 price target on the stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC raised its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,795 shares of the transportation company’s stock after buying an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned about 1.06% of Pyxis Tankers worth $564,000 as of its most recent SEC filing. 56.19% of the stock is currently owned by institutional investors and hedge funds.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. 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.