Pyxis Tankers Inc. (NASDAQ:PXS) Sees Large Increase in Short Interest

Pyxis Tankers Inc. (NASDAQ:PXS) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 75,000 shares, an increase of 23.0% from the July 31st total of 61,000 shares. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.7% of the shares of the stock are sold short.

Pyxis Tankers Price Performance

Shares of PXS stock opened at $5.11 on Friday. The stock’s fifty day simple moving average is $5.09 and its 200 day simple moving average is $4.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.98 and a quick ratio of 5.94. The firm has a market cap of $53.66 million, a price-to-earnings ratio of 2.00 and a beta of 0.02. Pyxis Tankers has a one year low of $3.25 and a one year high of $5.53.

Pyxis Tankers (NASDAQ:PXS) last announced its quarterly earnings results on Monday, August 12th. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $13.91 million for the quarter. Pyxis Tankers had a return on equity of 35.74% and a net margin of 67.93%.

Hedge Funds Weigh In On Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC grew its holdings in Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the second quarter, according to the company in its most recent Form 13F filing with the 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 SEC. 56.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on Pyxis Tankers in a research note on Wednesday, July 17th. They issued a “buy” rating and a $10.00 price target on the 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.