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

BW LPG Limited (NYSE:BWLP) was the recipient of 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 stock are sold short.

Hedge Funds Weigh In On BW LPG

Institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC purchased a new stake in BW LPG in the third quarter valued at approximately $43,000. Centiva Capital LP purchased a new position in shares of BW LPG in the third quarter valued at $183,000. Plato Investment Management Ltd acquired a new stake in BW LPG in the third quarter valued at $207,000. HighTower Advisors LLC acquired a new stake in BW LPG in the third quarter valued at $219,000. Finally, Optimum Investment Advisors raised its holdings in BW LPG by 644.0% in 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

Shares of BWLP opened at $12.99 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.63 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $14.12. BW LPG has a 12-month low of $10.32 and a 12-month 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 business had revenue of $876.49 million for the quarter.

BW LPG Cuts Dividend

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

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.