Pyxis Tankers Inc. (NASDAQ:PXS) Stock Short Interest Jumps 72.8%

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 37,843 shares, an increase of 72.8% from the August 31st total of 21,903 shares. Based on an average daily volume of 244,773 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. NewEdge Advisors LLC increased its stake in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 48.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,527 shares of the transportation company’s stock after acquiring an additional 12,830 shares during the quarter. NewEdge Advisors LLC owned about 0.39% of Pyxis Tankers worth $164,000 at the end of the most recent reporting period. Institutional investors own 56.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PXS. Alliance Global Partners reiterated a “buy” rating on shares of Pyxis Tankers in a report on Tuesday. Wall Street Zen cut shares of Pyxis Tankers from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings downgraded shares of Pyxis Tankers from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Pyxis Tankers has an average rating of “Moderate Buy”.

Pyxis Tankers Stock Performance

Shares of NASDAQ PXS traded up $0.44 during trading hours on Thursday, hitting $7.61. 159,223 shares of the company’s stock were exchanged, compared to its average volume of 70,645. The company’s 50-day moving average price is $5.74 and its 200-day moving average price is $4.87. Pyxis Tankers has a 1-year low of $2.56 and a 1-year high of $8.30. The stock has a market capitalization of $77.93 million, a price-to-earnings ratio of 9.40 and a beta of -0.50. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.72 and a quick ratio of 4.68.

Pyxis Tankers (NASDAQ:PXS) last released its earnings results on Monday, August 31st. The transportation company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $12.13 million for the quarter, compared to analyst estimates of $10.34 million. Pyxis Tankers had a return on equity of 8.24% and a net margin of 20.00%.

Pyxis Tankers Company Profile

Pyxis Tankers Inc is a maritime transportation company that owns and operates oceangoing vessels serving the international energy and dry-bulk shipping markets. Its activities primarily involve the transportation of refined petroleum products and other liquid bulk cargoes, along with dry-bulk commodities.

The company’s fleet has included product tankers, which carry refined petroleum products such as gasoline, diesel and jet fuel, as well as dry-bulk vessels used to transport commodities.