Pyxis Tankers Inc. (NASDAQ:PXS) Short Interest Update

Pyxis Tankers Inc. (NASDAQ:PXS) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 67,800 shares, a drop of 24.4% from the October 31st total of 89,700 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 23,600 shares, the short-interest ratio is currently 2.9 days.

Hedge Funds Weigh In On Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC boosted its position in Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,795 shares of the transportation company’s stock after acquiring an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Trading Down 1.0 %

Shares of Pyxis Tankers stock traded down $0.04 during mid-day trading on Friday, hitting $3.77. 87,985 shares of the stock were exchanged, compared to its average volume of 24,608. The stock has a market capitalization of $39.59 million, a price-to-earnings ratio of 1.35 and a beta of 0.04. Pyxis Tankers has a twelve month low of $3.62 and a twelve month high of $5.53. The company has a current ratio of 4.71, a quick ratio of 3.81 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $4.55 and a 200 day simple moving average of $4.89.

About Pyxis Tankers

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.