Pyxis Tankers Inc. (NASDAQ:PXS) Short Interest Update

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 90,300 shares, an increase of 32.0% from the September 15th total of 68,400 shares. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC boosted its stake in Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,795 shares of the transportation company’s stock after purchasing an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned about 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 56.19% of the company’s stock.

Pyxis Tankers Price Performance

Shares of Pyxis Tankers stock traded down $0.05 during midday trading on Tuesday, hitting $4.89. 24,129 shares of the company traded hands, compared to its average volume of 38,643. Pyxis Tankers has a 12 month low of $3.55 and a 12 month high of $5.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.81 and a current ratio of 3.98. The stock has a market cap of $51.34 million, a price-to-earnings ratio of 1.94 and a beta of 0.02. The firm’s fifty day moving average price is $5.05 and its 200-day moving average price is $4.97.

Pyxis Tankers (NASDAQ:PXS) last issued its quarterly earnings results on Monday, August 12th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Pyxis Tankers had a net margin of 67.93% and a return on equity of 34.92%. The firm had revenue of $13.91 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on shares of Pyxis Tankers in a report on Wednesday, July 17th. They set a “buy” rating and a $10.00 price target on the stock.

About Pyxis Tankers

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. Its fleet transports refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil, as well as other liquid bulk items, including vegetable oils and organic chemicals.