KNOT Offshore Partners LP (NYSE:KNOP) Sees Significant Growth in Short Interest

KNOT Offshore Partners LP (NYSE:KNOP) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 254,300 shares, a growth of 6.4% from the January 15th total of 238,900 shares. Based on an average daily trading volume, of 86,100 shares, the short-interest ratio is presently 3.0 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Trading of KNOT Offshore Partners

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in KNOT Offshore Partners by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 442,332 shares of the shipping company’s stock worth $3,030,000 after acquiring an additional 31,792 shares during the period. FNY Investment Advisers LLC grew its stake in KNOT Offshore Partners by 8.8% during the fourth quarter. FNY Investment Advisers LLC now owns 138,890 shares of the shipping company’s stock worth $756,000 after purchasing an additional 11,200 shares during the period. Virtu Financial LLC bought a new stake in KNOT Offshore Partners in the fourth quarter worth approximately $135,000. Trexquant Investment LP lifted its stake in KNOT Offshore Partners by 170.4% in the fourth quarter. Trexquant Investment LP now owns 37,938 shares of the shipping company’s stock valued at $207,000 after buying an additional 23,907 shares during the period. Finally, Marshall Wace LLP lifted its stake in KNOT Offshore Partners by 19.0% in the fourth quarter. Marshall Wace LLP now owns 203,999 shares of the shipping company’s stock valued at $1,112,000 after buying an additional 32,616 shares during the period. 26.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised KNOT Offshore Partners from a “hold” rating to a “buy” rating in a report on Friday, December 6th.

KNOT Offshore Partners Trading Down 3.7 %

NYSE KNOP traded down $0.21 during trading hours on Monday, reaching $5.54. The company’s stock had a trading volume of 30,234 shares, compared to its average volume of 62,553. The firm has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $6.24. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.44 and a quick ratio of 0.42. KNOT Offshore Partners has a 52 week low of $4.94 and a 52 week high of $9.11. The stock has a market cap of $189.99 million, a P/E ratio of -12.88 and a beta of 0.75.

KNOT Offshore Partners (NYSE:KNOP) last released its quarterly earnings results on Wednesday, December 4th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). KNOT Offshore Partners had a negative net margin of 4.82% and a negative return on equity of 0.29%. During the same quarter in the prior year, the company posted $0.37 EPS. Equities analysts forecast that KNOT Offshore Partners will post 0.12 earnings per share for the current fiscal year.

KNOT Offshore Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, January 27th were issued a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, January 27th. KNOT Offshore Partners’s payout ratio is presently -23.26%.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.