StealthGas, Inc. (NASDAQ:GASS) Short Interest Update

StealthGas, Inc. (NASDAQ:GASS) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 34,507 shares, a decline of 57.0% from the May 31st total of 80,305 shares. Based on an average daily volume of 148,726 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded StealthGas from a “hold” rating to a “buy” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

StealthGas Trading Up 1.0%

Shares of NASDAQ GASS opened at $8.24 on Monday. The stock has a 50 day simple moving average of $9.42 and a 200-day simple moving average of $8.67. The company has a market cap of $309.24 million, a PE ratio of 4.97 and a beta of 0.21. StealthGas has a 12-month low of $6.12 and a 12-month high of $10.55.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Friday, June 5th. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $42.84 million during the quarter, compared to analyst estimates of $38.40 million. StealthGas had a return on equity of 8.72% and a net margin of 35.91%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Towerview LLC increased its stake in StealthGas by 5.5% during the 4th quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock valued at $21,534,000 after buying an additional 160,000 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of StealthGas during the 4th quarter valued at $185,000. R Squared Ltd lifted its holdings in shares of StealthGas by 78.7% during the fourth quarter. R Squared Ltd now owns 35,104 shares of the shipping company’s stock valued at $246,000 after purchasing an additional 15,456 shares during the last quarter. LOM Asset Management Ltd acquired a new position in shares of StealthGas in the fourth quarter worth about $35,000. Finally, Bank of America Corp DE boosted its stake in StealthGas by 701.2% in the 4th 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 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.