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

BW LPG Limited (NYSE:BWLP) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 518,900 shares, a growth of 59.9% from the October 15th total of 324,600 shares. Based on an average daily trading volume, of 329,700 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On BW LPG

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new position in BW LPG in the 2nd quarter valued at $2,365,000. Allspring Global Investments Holdings LLC bought a new stake in BW LPG during the second quarter valued at $594,000. Acadian Asset Management LLC bought a new stake in BW LPG during the second quarter valued at $56,598,000. Jupiter Asset Management Ltd. bought a new stake in BW LPG during the second quarter valued at $2,050,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in BW LPG during the second quarter valued at $698,000.

BW LPG Stock Down 2.6 %

NYSE BWLP opened at $12.99 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15. BW LPG has a 52 week low of $10.32 and a 52 week high of $22.31. The firm’s 50-day simple moving average is $14.08.

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

BW LPG Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 17.86%. The ex-dividend date was Tuesday, September 10th.

About BW LPG

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.