Pyxis Tankers Inc. (NASDAQ:PXS) Stock Short Interest Drops 42.8%

Pyxis Tankers Inc. (NASDAQ:PXS) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 21,660 shares, a decline of 42.8% from the September 15th total of 37,843 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 147,506 shares, the short-interest ratio is currently 0.1 days.

Pyxis Tankers Stock Down 0.8%

PXS stock traded down $0.06 during trading on Friday, reaching $7.50. The stock had a trading volume of 53,993 shares, compared to its average volume of 138,973. Pyxis Tankers has a one year low of $2.56 and a one year high of $8.34. The company has a quick ratio of 4.68, a current ratio of 4.72 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $6.48 and its two-hundred day moving average is $5.16. The company has a market capitalization of $76.79 million, a price-to-earnings ratio of 9.26 and a beta of -0.54.

Pyxis Tankers (NASDAQ:PXS) last posted its quarterly earnings data on Monday, August 31st. The transportation company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. Pyxis Tankers had a net margin of 20.00% and a return on equity of 8.24%. The firm had revenue of $12.13 million during the quarter, compared to analyst estimates of $10.34 million.

Wall Street Analyst Weigh In

PXS has been the subject of a number of analyst reports. Wall Street Zen raised Pyxis Tankers from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Alliance Global Partners reaffirmed a “buy” rating on shares of Pyxis Tankers in a report on Tuesday, September 29th. Finally, Weiss Ratings raised shares of Pyxis Tankers from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Pyxis Tankers

A hedge fund recently bought a new position in Pyxis Tankers stock. NewEdge Advisors LLC purchased a new stake in Pyxis Tankers Inc. (NASDAQ:PXS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,697 shares of the transportation company’s stock, valued at approximately $113,000. NewEdge Advisors LLC owned approximately 0.26% of Pyxis Tankers as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 56.19% of the company’s stock.

Pyxis Tankers Company Profile

Pyxis Tankers Inc (NASDAQ: PXS) is a maritime transportation company that owns and operates a fleet of oceangoing vessels. The company primarily provides seaborne transportation for refined petroleum products, crude oil, vegetable oils and other liquid bulk cargoes, serving customers involved in the energy, commodities and industrial sectors.

Pyxis Tankers’ fleet has included product tankers and other commercial vessels, with operations focused on transporting cargoes through international shipping routes.