Pyxis Tankers Inc. (NASDAQ:PXS) Sees Large Drop in Short Interest

Pyxis Tankers Inc. (NASDAQ:PXS) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 67,800 shares, a decline of 24.4% from the October 31st total of 89,700 shares. Based on an average daily volume of 23,600 shares, the short-interest ratio is currently 2.9 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pyxis Tankers

A hedge fund recently raised its stake in Pyxis Tankers stock. Renaissance Technologies LLC raised its position in shares of Pyxis Tankers Inc. (NASDAQ:PXS) by 29.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,795 shares of the transportation company’s stock after acquiring an additional 25,194 shares during the period. Renaissance Technologies LLC owned approximately 1.06% of Pyxis Tankers worth $564,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 56.19% of the company’s stock.

Pyxis Tankers Price Performance

Shares of Pyxis Tankers stock traded down $0.04 during trading hours on Friday, reaching $3.77. The company’s stock had a trading volume of 87,985 shares, compared to its average volume of 24,608. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.71 and a quick ratio of 3.81. Pyxis Tankers has a one year low of $3.62 and a one year high of $5.53. The firm has a 50 day moving average price of $4.55 and a 200-day moving average price of $4.89. The stock has a market cap of $39.59 million, a P/E ratio of 1.35 and a beta of 0.04.

Pyxis Tankers Company Profile

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector worldwide. The company operates through Tanker Vessels and Dry-Bulk Vessels segments. 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.