Pyxis Tankers Inc. (NASDAQ:PXSAP) Short Interest Up 66.7% in March

Pyxis Tankers Inc. (NASDAQ:PXSAP) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a growth of 66.7% from the February 29th total of 300 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pyxis Tankers stock. UBS Group AG bought a new stake in shares of Pyxis Tankers Inc. (NASDAQ:PXSAP) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,130 shares of the company’s stock, valued at approximately $35,000.

Pyxis Tankers Price Performance

PXSAP stock traded up $0.10 during midday trading on Thursday, hitting $24.75. 1,118 shares of the company’s stock were exchanged, compared to its average volume of 1,454. Pyxis Tankers has a 1-year low of $21.00 and a 1-year high of $26.99. The business has a 50-day simple moving average of $24.59 and a two-hundred day simple moving average of $24.06.

Pyxis Tankers Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 13th were given a $0.1615 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.94 dividend on an annualized basis and a yield of 7.83%.

About Pyxis Tankers

Pyxis Tankers Inc operates as a maritime transportation company with a focus on the tanker sector in the United States. 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.