StealthGas, Inc. (NASDAQ:GASS) Short Interest Up 104.9% in April

StealthGas, Inc. (NASDAQ:GASS) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 59,702 shares, an increase of 104.9% from the April 15th total of 29,133 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 98,323 shares, the short-interest ratio is presently 0.6 days.

StealthGas Trading Down 1.9%

GASS stock traded down $0.19 during mid-day trading on Friday, hitting $10.07. 52,434 shares of the company were exchanged, compared to its average volume of 110,246. The company has a market capitalization of $377.83 million, a PE ratio of 6.14 and a beta of 0.25. StealthGas has a twelve month low of $5.22 and a twelve month high of $10.52. The firm has a fifty day simple moving average of $9.52 and a 200 day simple moving average of $8.15.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Monday, March 2nd. The shipping company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $39.37 million during the quarter, compared to analyst estimates of $39.80 million. StealthGas had a net margin of 35.03% and a return on equity of 9.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in shares of StealthGas by 4.7% in the 4th quarter. State Street Corp now owns 29,737 shares of the shipping company’s stock valued at $209,000 after buying an additional 1,340 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of StealthGas by 1.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 155,140 shares of the shipping company’s stock valued at $1,424,000 after buying an additional 1,929 shares during the period. R Squared Ltd boosted its holdings in shares of StealthGas by 8.7% in the 1st quarter. R Squared Ltd now owns 38,175 shares of the shipping company’s stock valued at $350,000 after buying an additional 3,071 shares during the period. Sei Investments Co. boosted its holdings in shares of StealthGas by 14.8% in the 3rd quarter. Sei Investments Co. now owns 30,311 shares of the shipping company’s stock valued at $199,000 after buying an additional 3,899 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of StealthGas by 343.3% in the 4th quarter. Royal Bank of Canada now owns 5,063 shares of the shipping company’s stock valued at $36,000 after buying an additional 3,921 shares during the period. 66.32% of the stock is owned by institutional investors and hedge funds.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.