Short Interest in StealthGas Inc. (NASDAQ:GASS) Grows By 5.1%

StealthGas Inc. (NASDAQ:GASS) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 306,800 shares, a growth of 5.1% from the March 15th total of 291,900 shares. Based on an average trading volume of 178,800 shares, the short-interest ratio is currently 1.7 days. Currently, 1.2% of the shares of the stock are short sold.

StealthGas Price Performance

Shares of GASS opened at $5.84 on Thursday. The business has a 50-day simple moving average of $6.24 and a two-hundred day simple moving average of $6.28. StealthGas has a 12-month low of $2.61 and a 12-month high of $7.98. The stock has a market cap of $222.62 million, a PE ratio of 4.26 and a beta of 0.79. The company has a quick ratio of 3.07, a current ratio of 3.12 and a debt-to-equity ratio of 0.19.

StealthGas (NASDAQ:GASS) last posted its earnings results on Wednesday, February 21st. The shipping company reported $0.29 EPS for the quarter. StealthGas had a net margin of 36.19% and a return on equity of 9.22%. The business had revenue of $30.83 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered StealthGas from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Institutional Trading of StealthGas

Institutional investors have recently modified their holdings of the business. Dorsey Wright & Associates acquired a new stake in shares of StealthGas in the third quarter valued at about $25,000. Sequoia Financial Advisors LLC acquired a new position in shares of StealthGas during the fourth quarter valued at about $27,000. Advisor Group Holdings Inc. raised its holdings in shares of StealthGas by 2,823.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 12,425 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 12,000 shares during the period. JPMorgan Chase & Co. boosted its position in shares of StealthGas by 183.3% during the 4th quarter. JPMorgan Chase & Co. now owns 17,000 shares of the shipping company’s stock worth $46,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in StealthGas in the 2nd quarter valued at $51,000. Institutional investors own 66.32% of the company’s stock.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also offers crude oil and natural gas. 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; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.