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

BW LPG Limited (NYSE:BWLP) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 518,900 shares, a growth of 59.9% from the October 15th total of 324,600 shares. Based on an average daily volume of 329,700 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Trading of BW LPG

Hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC purchased a new stake in shares of BW LPG in the third quarter worth approximately $43,000. Centiva Capital LP bought a new position in BW LPG during the third quarter valued at approximately $183,000. Plato Investment Management Ltd bought a new position in BW LPG during the third quarter valued at approximately $207,000. HighTower Advisors LLC bought a new position in BW LPG during the third quarter valued at approximately $219,000. Finally, Optimum Investment Advisors raised its position in BW LPG by 644.0% during the third quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock valued at $268,000 after acquiring an additional 16,100 shares in the last quarter.

BW LPG Stock Performance

BW LPG stock opened at $12.99 on Friday. The business’s 50-day moving average price is $14.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 1.45. BW LPG has a one year low of $10.32 and a one year high of $22.31.

BW LPG (NYSE:BWLP) last announced its earnings results on Thursday, August 22nd. The company reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.58 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.32 annualized dividend and a dividend yield of 17.86%.

BW LPG Company Profile

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.