Short Interest in StealthGas Inc. (NASDAQ:GASS) Grows By 46.3%

StealthGas Inc. (NASDAQ:GASS) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 119,200 shares, a growth of 46.3% from the August 31st total of 81,500 shares. Based on an average daily volume of 131,200 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On StealthGas

A number of institutional investors and hedge funds have recently made changes to their positions in GASS. EntryPoint Capital LLC acquired a new stake in shares of StealthGas in the first quarter valued at about $62,000. Virtu Financial LLC acquired a new stake in shares of StealthGas during the 1st quarter valued at approximately $64,000. Heron Bay Capital Management purchased a new stake in shares of StealthGas during the 1st quarter worth approximately $78,000. DGS Capital Management LLC acquired a new stake in shares of StealthGas in the 1st quarter worth approximately $106,000. Finally, XTX Topco Ltd purchased a new position in StealthGas in the 2nd quarter valued at approximately $146,000. 66.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

StealthGas Price Performance

GASS stock traded down $0.06 on Friday, reaching $6.86. 80,050 shares of the company’s stock were exchanged, compared to its average volume of 155,077. The stock has a fifty day moving average of $6.32 and a 200-day moving average of $6.64. The firm has a market cap of $247.93 million, a PE ratio of 4.83 and a beta of 0.80. The company has a quick ratio of 2.43, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. StealthGas has a twelve month low of $4.74 and a twelve month high of $8.84.

About StealthGas

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.