BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 666,000 shares, a growth of 20.0% from the November 15th total of 555,200 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 358,600 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of BW LPG

A number of large investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in BW LPG during the 2nd quarter worth approximately $56,598,000. Assenagon Asset Management S.A. purchased a new stake in shares of BW LPG during the 3rd quarter worth $11,827,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of BW LPG during the second quarter worth $12,196,000. The Manufacturers Life Insurance Company purchased a new position in BW LPG in the third quarter valued at $5,653,000. Finally, Bank of New York Mellon Corp acquired a new stake in BW LPG in the second quarter valued at $2,365,000.

BW LPG Price Performance

NYSE:BWLP opened at $10.89 on Monday. BW LPG has a 12-month low of $10.32 and a 12-month high of $22.31. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $13.16 and a 200 day moving average price of $15.33.

BW LPG Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 15.43%. The ex-dividend date of this dividend is Thursday, December 12th.

About BW LPG

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.