Pyxis Tankers Inc. (NASDAQ:PXS) Stock Short Interest Report for October

Pyxis Tankers Inc. (NASDAQ:PXS) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 48,839 shares, a growth of 125.5% from the September 30th total of 21,660 shares. Based on an average daily trading volume, of 127,558 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Pyxis Tankers

An institutional investor recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC raised its stake in Pyxis Tankers Inc. (NASDAQ:PXS) by 38.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,001 shares of the transportation company’s stock after acquiring an additional 32,900 shares during the period. Renaissance Technologies LLC owned about 1.16% of Pyxis Tankers worth $505,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Price Performance

Shares of NASDAQ:PXS opened at $7.11 on Friday. The firm has a market capitalization of $72.81 million, a P/E ratio of 8.78 and a beta of -0.54. The company’s fifty day moving average price is $6.91 and its 200 day moving average price is $4.90. 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 has a 12 month low of $2.61 and a 12 month high of $8.34.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PXS shares. Weiss Ratings upgraded shares of Pyxis Tankers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded Pyxis Tankers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Pyxis Tankers in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Pyxis Tankers presently has a consensus rating of “Moderate Buy”.

About Pyxis Tankers

Pyxis Tankers Inc (NASDAQ: PXS) is a maritime transportation company that owns and operates vessels serving the international seaborne trade. Its principal business is the transportation of refined petroleum products and other liquid bulk cargoes, supporting energy companies, commodity traders and other customers that move products between global markets.

The company’s fleet has primarily consisted of product tankers, including vessels designed to carry clean petroleum products such as gasoline, diesel and jet fuel.