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

BW LPG Limited (NYSE:BWLP) was the target of a significant increase in short interest in 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. Based on an average daily volume of 499,400 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.0% of the company’s stock are short sold.

BW LPG Trading Up 0.5 %

Shares of BW LPG stock traded up $0.07 on Thursday, reaching $13.08. The company’s stock had a trading volume of 601,677 shares, compared to its average volume of 502,106. 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 has a 52 week low of $9.95 and a 52 week high of $22.31. The firm’s fifty day simple moving average is $11.79 and its two-hundred day simple moving average is $13.48.

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

BW LPG Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.68 annualized dividend and a dividend yield of 12.85%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of BW LPG

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of BW LPG in the fourth quarter worth $26,000. Avior Wealth Management LLC bought a new stake in shares of BW LPG in the third quarter worth $43,000. Centiva Capital LP bought a new stake in shares of BW LPG in the third quarter worth $183,000. Plato Investment Management Ltd bought a new stake in shares of BW LPG in the third quarter worth $207,000. Finally, HighTower Advisors LLC bought a new stake in shares of BW LPG in the third quarter worth $219,000.

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.