Short Interest in StealthGas Inc. (NASDAQ:GASS) Declines By 13.4%

StealthGas Inc. (NASDAQ:GASS) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 33,500 shares, a decrease of 13.4% from the January 31st total of 38,700 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 153,700 shares, the days-to-cover ratio is currently 0.2 days.

StealthGas Stock Up 1.7 %

GASS opened at $5.44 on Thursday. The stock has a market cap of $199.87 million, a PE ratio of 3.07 and a beta of 0.77. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. StealthGas has a 52 week low of $4.82 and a 52 week high of $8.84. The business’s fifty day simple moving average is $5.70 and its 200 day simple moving average is $5.93.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Friday, February 21st. The shipping company reported $0.38 earnings per share (EPS) for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The firm had revenue of $40.25 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of StealthGas in the fourth quarter worth about $333,000. Squarepoint Ops LLC grew its stake in shares of StealthGas by 32.3% in the fourth quarter. Squarepoint Ops LLC now owns 52,348 shares of the shipping company’s stock worth $296,000 after purchasing an additional 12,777 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of StealthGas by 22.5% in the fourth quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock worth $1,894,000 after purchasing an additional 61,500 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of StealthGas in the fourth quarter worth about $61,000. Finally, Bank of America Corp DE grew its stake in shares of StealthGas by 701.2% in the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after purchasing an additional 8,982 shares during the last quarter. 66.32% of the stock is owned by institutional investors.

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.