Pyxis Tankers Inc. (NASDAQ:PXS) Sees Large Decline in Short Interest

Pyxis Tankers Inc. (NASDAQ:PXS) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 67,800 shares, a drop of 24.4% from the October 31st total of 89,700 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 23,600 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC grew its stake in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,795 shares of the transportation company’s stock after buying an additional 25,194 shares during the period. Renaissance Technologies LLC owned 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Stock Performance

NASDAQ:PXS traded down $0.04 during mid-day trading on Friday, hitting $3.77. 87,985 shares of the company traded hands, compared to its average volume of 24,608. The company has a quick ratio of 3.81, a current ratio of 4.71 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average price is $4.55 and its 200-day moving average price is $4.89. The firm has a market cap of $39.59 million, a price-to-earnings ratio of 1.35 and a beta of 0.04. Pyxis Tankers has a one year low of $3.62 and a one year high of $5.53.

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.