Short Interest in Dynagas LNG Partners LP (NYSE:DLNG) Expands By 61.7%

Dynagas LNG Partners LP (NYSE:DLNG) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 19,400 shares, a growth of 61.7% from the September 15th total of 12,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 27,500 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Dynagas LNG Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 5th.

Dynagas LNG Partners Price Performance

Shares of NYSE:DLNG traded down $0.09 during trading on Monday, hitting $3.83. 5,903 shares of the company’s stock were exchanged, compared to its average volume of 39,743. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69. Dynagas LNG Partners has a 52-week low of $2.27 and a 52-week high of $4.24. The business’s 50-day simple moving average is $3.77 and its 200 day simple moving average is $3.74. The company has a market cap of $141.10 million, a price-to-earnings ratio of 5.41 and a beta of 1.37.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $37.62 million for the quarter, compared to analysts’ expectations of $37.92 million. Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, equities analysts predict that Dynagas LNG Partners will post 1.05 EPS for the current year.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.