Pyxis Tankers Inc (NASDAQ:PXS) saw a significant increase in short interest in March. As of March 13th, there was short interest totalling 11,700 shares, an increase of 680.0% from the February 27th total of 1,500 shares. Based on an average daily volume of 111,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are sold short.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Pyxis Tankers from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research report on Tuesday, March 17th. ValuEngine cut Pyxis Tankers from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Noble Financial assumed coverage on Pyxis Tankers in a research report on Saturday, March 7th. They set a “buy” rating for the company.
Pyxis Tankers stock traded up $0.03 during midday trading on Thursday, hitting $0.73. 50,100 shares of the company’s stock were exchanged, compared to its average volume of 66,400. Pyxis Tankers has a 52-week low of $0.62 and a 52-week high of $1.80. The stock has a 50-day moving average price of $0.93 and a two-hundred day moving average price of $1.18. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.12 and a current ratio of 0.76. The company has a market cap of $14.80 million, a P/E ratio of -1.82 and a beta of -0.60.
Pyxis Tankers Company Profile
Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. 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.
See Also: Gross Domestic Product (GDP)
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