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

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 21,660 shares, a decrease of 42.8% from the September 15th total of 37,843 shares. Based on an average daily volume of 147,506 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts have commented on PXS shares. Alliance Global Partners reissued a “buy” rating on shares of Pyxis Tankers in a research report on Tuesday, September 29th. Weiss Ratings raised Pyxis Tankers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Pyxis Tankers from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Pyxis Tankers stock. NewEdge Advisors LLC boosted its holdings in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 48.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,527 shares of the transportation company’s stock after purchasing an additional 12,830 shares during the quarter. NewEdge Advisors LLC owned approximately 0.39% of Pyxis Tankers worth $164,000 at the end of the most recent quarter. 56.19% of the stock is owned by institutional investors and hedge funds.

Pyxis Tankers Stock Down 0.8%

Pyxis Tankers stock traded down $0.06 during midday trading on Friday, hitting $7.50. 53,993 shares of the stock were exchanged, compared to its average volume of 138,973. Pyxis Tankers has a 1 year low of $2.56 and a 1 year high of $8.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.72 and a quick ratio of 4.68. The firm has a market cap of $76.80 million, a P/E ratio of 9.33 and a beta of -0.54. The company has a 50 day moving average price of $6.48 and a two-hundred day moving average price of $5.16.

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

About Pyxis Tankers

Pyxis Tankers Inc (NASDAQ: PXS) is a maritime transportation company that owns and operates a fleet of oceangoing vessels. The company primarily provides seaborne transportation for refined petroleum products, crude oil, vegetable oils and other liquid bulk cargoes, serving customers involved in the energy, commodities and industrial sectors.

Pyxis Tankers’ fleet has included product tankers and other commercial vessels, with operations focused on transporting cargoes through international shipping routes.