StealthGas Inc. (NASDAQ:GASS – Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 306,800 shares, an increase of 5.1% from the March 15th total of 291,900 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 178,800 shares, the days-to-cover ratio is presently 1.7 days.
Analysts Set New Price Targets
Separately, StockNews.com cut StealthGas from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.
View Our Latest Research Report on StealthGas
Institutional Inflows and Outflows
StealthGas Stock Performance
Shares of NASDAQ:GASS traded up $0.01 during trading on Wednesday, hitting $5.90. The stock had a trading volume of 27,837 shares, compared to its average volume of 176,545. StealthGas has a 12-month low of $2.61 and a 12-month high of $7.98. The stock has a market capitalization of $224.91 million, a price-to-earnings ratio of 4.30 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. The stock has a 50-day simple moving average of $6.27 and a two-hundred day simple moving average of $6.28.
StealthGas (NASDAQ:GASS – Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The shipping company reported $0.29 earnings per share (EPS) for the quarter. StealthGas had a return on equity of 9.22% and a net margin of 36.19%. The firm had revenue of $30.83 million during the quarter.
StealthGas Company Profile
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.
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