Could Stealthgas Inc (NASDAQ:GASS) See a Reversal After Less Sellers Came In?

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 Nasdaq.com with their article: “Kohl’s Stock Isn’t a Good Name to Buy and Hold – Nasdaq” published on April 08, 2019, Nasdaq.com published: “Avis Budget, Kohl???s, Dropbox, ServiceNow and Veeva highlighted as Zacks Bull and Bear of the Day – Nasdaq” on July 11, 2019. More interesting news about StealthGas Inc. (NASDAQ:GASS) were released by: Benzinga.com and their article: “Kohl’s CEO Talks Focus On Wellness, Amazon Partnership With CNBC’s Cramer – Benzinga” published on April 11, 2019 as well as Seekingalpha.com‘s news article titled: “Cheap, Underfollowed Global LPG Company With A Bright Outlook – Seeking Alpha” with publication date: January 20, 2017.

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