Will Stealthgas Inc (NASDAQ:GASS) Run Out of Steam Soon? Short Interest Is Down

StealthGas Inc. (NASDAQ:GASS) Logo

The stock of Stealthgas Inc (NASDAQ:GASS) registered a decrease of 9.64% in short interest. GASS’s total short interest was 25,300 shares in August as published by FINRA. Its down 9.64% from 28,000 shares, reported previously. With 39,600 shares average volume, it will take short sellers 1 days to cover their GASS’s short positions. The short interest to Stealthgas Inc’s float is 0.08%.

The stock decreased 0.31% or $0.01 during the last trading session, reaching $3.26. About 23,286 shares traded. StealthGas Inc. (NASDAQ:GASS) has declined 2.67% since August 15, 2018 and is downtrending. It has underperformed by 2.67% the S&P500.

StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas producers and users worldwide. The company has market cap of $130.55 million. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. It currently has negative earnings. The firm carries various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oil.

More notable recent StealthGas Inc. (NASDAQ:GASS) news were published by: Globenewswire.com which released: “STEALTHGAS INC. Announces the Completion of Its Newbuilding Program – GlobeNewswire” on April 17, 2018, also Benzinga.com with their article: “Companies That Achieved 52-Week Highs Friday – Benzinga” published on July 26, 2019, Finance.Yahoo.com published: “Imagine Owning StealthGas (NASDAQ:GASS) While The Price Tanked 67% – Yahoo Finance” on April 25, 2019. More interesting news about StealthGas Inc. (NASDAQ:GASS) were released by: Nasdaq.com and their article: “StealthGas (GASS) Beats Q1 Earnings and Revenue Estimates – Nasdaq” published on May 23, 2019 as well as Prnewswire.com‘s news article titled: “PepsiCo Elects Michelle Gass to Board of Directors – PRNewswire” with publication date: March 07, 2019.

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