Short Interest in Pyxis Tankers Inc. (NASDAQ:PXS) Decreases By 24.4%

Pyxis Tankers Inc. (NASDAQ:PXS) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 67,800 shares, a drop of 24.4% from the October 31st total of 89,700 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 23,600 shares, the days-to-cover ratio is presently 2.9 days.

Pyxis Tankers Stock Down 1.0 %

Shares of NASDAQ PXS traded down $0.04 during trading on Friday, reaching $3.77. 87,985 shares of the stock were exchanged, compared to its average volume of 24,608. The company has a market capitalization of $39.59 million, a price-to-earnings ratio of 1.35 and a beta of 0.04. The business’s 50-day moving average price is $4.55 and its 200 day moving average price is $4.89. The company has a quick ratio of 3.81, a current ratio of 4.71 and a debt-to-equity ratio of 0.73. Pyxis Tankers has a twelve month low of $3.62 and a twelve month high of $5.53.

Institutional Investors Weigh In On Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC raised its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,795 shares of the transportation company’s stock after purchasing an additional 25,194 shares during the period. Renaissance Technologies LLC owned about 1.06% of Pyxis Tankers worth $564,000 as of its most recent SEC filing. Institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Company Profile

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.