BW LPG Limited (NYSE:BWLP) Sees Significant Increase in Short Interest

BW LPG Limited (NYSE:BWLP) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 875,700 shares, an increase of 123.8% from the January 15th total of 391,300 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 499,400 shares, the short-interest ratio is currently 1.8 days.

BW LPG Trading Down 1.3 %

Shares of BW LPG stock opened at $12.69 on Friday. BW LPG has a 52 week low of $9.95 and a 52 week high of $22.31. The business’s fifty day simple moving average is $11.84 and its 200-day simple moving average is $13.45. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.79 EPS for the quarter.

BW LPG Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 13.24%. The ex-dividend date of this dividend was Thursday, December 12th.

Hedge Funds Weigh In On BW LPG

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in BW LPG during the 4th quarter worth about $26,000. Avior Wealth Management LLC acquired a new position in BW LPG during the 3rd quarter worth about $43,000. Tower Research Capital LLC TRC lifted its stake in BW LPG by 101,928.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company’s stock worth $81,000 after acquiring an additional 7,135 shares in the last quarter. SIH Partners LLLP acquired a new position in BW LPG during the 4th quarter worth about $114,000. Finally, Centiva Capital LP acquired a new position in BW LPG during the 3rd quarter worth about $183,000.

Wall Street Analyst Weigh In

Separately, Pareto Securities raised BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th.

About BW LPG

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.