Short Interest in StealthGas Inc. (NASDAQ:GASS) Decreases By 69.7%

StealthGas Inc. (NASDAQ:GASS) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 40,000 shares, a drop of 69.7% from the December 15th total of 132,000 shares. Based on an average daily volume of 163,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com cut StealthGas from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 15th.

Institutional Trading of StealthGas

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd grew its position in shares of StealthGas by 14.8% during the 3rd quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock valued at $155,000 after purchasing an additional 2,933 shares in the last quarter. Sei Investments Co. boosted its stake in StealthGas by 37.6% during the second quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock valued at $194,000 after buying an additional 7,222 shares during the period. PDT Partners LLC boosted its stake in StealthGas by 42.6% during the third quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock valued at $233,000 after buying an additional 10,224 shares during the period. Sanctuary Advisors LLC grew its position in StealthGas by 16.6% during the third quarter. Sanctuary Advisors LLC now owns 79,987 shares of the shipping company’s stock worth $545,000 after buying an additional 11,383 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of StealthGas by 44.7% in the 3rd quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock valued at $311,000 after acquiring an additional 14,093 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

StealthGas Price Performance

Shares of GASS traded up $0.02 during midday trading on Monday, hitting $5.95. 144,453 shares of the company traded hands, compared to its average volume of 191,022. StealthGas has a one year low of $4.82 and a one year high of $8.84. The firm has a market cap of $218.61 million, a P/E ratio of 3.36 and a beta of 0.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. The stock has a 50-day moving average of $5.54 and a 200-day moving average of $6.15.

StealthGas Company Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.