After Reaching Milestone, Is Pangaea Logistics Solutions LTD. (NASDAQ:PANL)’s Short Interest Revealing Something?

August 9, 2018 - By Carolyn Hewitt

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.20, from 1.18 in 2017Q4. It worsened, as 80 investors sold Pangaea Logistics Solutions, Ltd. shares while 80 reduced holdings. 65 funds opened positions while 92 raised stakes. 41.31 million shares or 0.96% more from 40.92 million shares in 2017Q4 were reported.
The Kansas-based Kornitzer Cap Management Incorporated Ks has invested 0.06% in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL). Hightower Ltd has invested 0.01% in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL). Blair William Company Il holds 0% or 4,580 shares. Orleans Management La holds 2,325 shares or 0.17% of its portfolio. Quantbot Technology Lp has 7,029 shares for 0.06% of their portfolio. Dimensional Fund L P has invested 0.01% in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL). D E Shaw & Com Incorporated has 47,433 shares for 0.01% of their portfolio. Alps Advisors invested in 4,319 shares. General American invested in 141,309 shares. Td Asset has 830,287 shares for 0.13% of their portfolio. Hsbc Holding Public Ltd has invested 0.01% in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL). Scout Invs reported 92,665 shares. Moreover, Adirondack Tru has 0% invested in Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) for 17 shares. Pnc Services holds 3,890 shares. 37,500 are owned by Jabre Cap Prtnrs.

Since February 28, 2018, it had 0 buys, and 3 sales for $969,836 activity. ELIAS RICHARD C also sold $291,600 worth of Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) shares. The insider GEMMILL ELIZABETH H sold 2,500 shares worth $310,175.

The stock of Pangaea Logistics Solutions LTD. (NASDAQ:PANL) registered a decrease of 20% in short interest. PANL’s total short interest was 21,200 shares in August as published by FINRA. Its down 20% from 26,500 shares, reported previously. With 18,600 shares average volume, it will take short sellers 1 days to cover their PANL’s short positions. The short interest to Pangaea Logistics Solutions LTD.’s float is 0.28%.

The stock increased 4.86% or $0.16 during the last trading session, reaching $3.45. About 168,372 shares traded or 1344.88% up from the average. Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) has risen 3.33% since August 9, 2017 and is uptrending. It has underperformed by 9.24% the S&P500.

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk transportation services to industrial clients worldwide. The company has market cap of $152.01 million. The Company’s dry bulk cargoes include grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. It has a 13.22 P/E ratio. The firm also provides cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management services.

Another recent and important Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) news was published by Seekingalpha.com which published an article titled: “Pangaea Logistics up 6.3% post Q2 results” on August 08, 2018.

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