Pyxis Tankers Inc. (NASDAQ:PXS) Sees Large Increase in Short Interest

Pyxis Tankers Inc. (NASDAQ:PXS) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 90,300 shares, an increase of 32.0% from the September 15th total of 68,400 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 2.9 days. Currently, 2.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pyxis Tankers

An institutional investor recently raised its position in Pyxis Tankers stock. Renaissance Technologies LLC grew its position in shares of 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 institutional investor owned 110,795 shares of the transportation company’s stock after purchasing an additional 25,194 shares during the quarter. Renaissance Technologies LLC owned approximately 1.06% of Pyxis Tankers worth $564,000 as of its most recent SEC filing. Institutional investors and hedge funds own 56.19% of the company’s stock.

Pyxis Tankers Price Performance

NASDAQ:PXS traded down $0.05 during mid-day trading on Tuesday, reaching $4.89. The stock had a trading volume of 24,561 shares, compared to its average volume of 38,646. Pyxis Tankers has a 12 month low of $3.55 and a 12 month high of $5.53. The stock has a market capitalization of $51.34 million, a PE ratio of 1.92 and a beta of 0.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.98 and a quick ratio of 3.81. The stock has a 50-day simple moving average of $5.05 and a two-hundred day simple moving average of $4.97.

Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings results on Monday, August 12th. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Pyxis Tankers had a return on equity of 34.92% and a net margin of 67.93%. The company had revenue of $13.91 million during the quarter.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on Pyxis Tankers in a report on Wednesday, July 17th. They set a “buy” rating and a $10.00 target price on the stock.

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.