Could Stealthgas Inc (NASDAQ:GASS) Skyrocket? The Stock Had Too Little Sellers

July 27, 2018 - By Megan Stone

StealthGas Inc. (NASDAQ:GASS) Logo

The stock of Stealthgas Inc (NASDAQ:GASS) registered a decrease of 21.88% in short interest. GASS’s total short interest was 7,500 shares in July as published by FINRA. Its down 21.88% from 9,600 shares, reported previously. With 44,200 shares average volume, it will take short sellers 0 days to cover their GASS’s short positions. The short interest to Stealthgas Inc’s float is 0.03%.

The stock increased 1.65% or $0.06 during the last trading session, reaching $3.7. About 9,086 shares traded. StealthGas Inc. (NASDAQ:GASS) has risen 17.94% since July 27, 2017 and is uptrending. It has outperformed by 5.37% the S&P500.

StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas producers and users worldwide. The company has market cap of $147.48 million. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. It currently has negative earnings. The firm carries various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oil.

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