BW LPG Limited (NYSE:BWLP) Sees Significant Increase in Short Interest

BW LPG Limited (NYSE:BWLP) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 422,200 shares, a growth of 33.1% from the August 15th total of 317,300 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 270,200 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On BW LPG

Large investors have recently modified their holdings of the stock. Susquehanna International Group Ltd. purchased a new position in shares of BW LPG in the second quarter worth approximately $441,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of BW LPG in the 2nd quarter valued at approximately $12,196,000. XTX Topco Ltd purchased a new position in BW LPG during the 2nd quarter worth approximately $280,000. DekaBank Deutsche Girozentrale acquired a new stake in BW LPG during the 2nd quarter valued at $698,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of BW LPG in the second quarter valued at $2,050,000.

BW LPG Price Performance

NYSE:BWLP traded up $0.11 during midday trading on Monday, hitting $14.52. 152,840 shares of the stock were exchanged, compared to its average volume of 147,786. BW LPG has a one year low of $10.32 and a one year high of $22.31. The company’s 50-day moving average price is $15.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.45.

BW LPG (NYSE:BWLP) last announced its earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The firm had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $2.32 annualized dividend and a dividend yield of 15.98%.

About BW LPG

BW LPG Limited is an owner and operator of LPG vessels. The company operates through Shipping and Product Services segments. BW LPG Limited is based in Singapore.