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

BW LPG Limited (NYSE:BWLP) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 358,600 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in shares of BW LPG during the 3rd quarter worth $476,000. XTX Topco Ltd lifted its holdings in BW LPG by 75.1% in the third quarter. XTX Topco Ltd now owns 25,671 shares of the company’s stock valued at $370,000 after acquiring an additional 11,013 shares during the last quarter. Jane Street Group LLC acquired a new position in BW LPG in the third quarter valued at approximately $305,000. HighTower Advisors LLC purchased a new position in BW LPG in the third quarter worth approximately $219,000. Finally, Centiva Capital LP acquired a new position in shares of BW LPG in the 3rd quarter valued at $183,000.

BW LPG Stock Down 0.7 %

BWLP stock traded down $0.08 during midday trading on Friday, reaching $10.89. The stock had a trading volume of 526,439 shares, compared to its average volume of 206,878. BW LPG has a 52-week low of $10.32 and a 52-week high of $22.31. The company’s fifty day simple moving average is $13.16 and its 200 day simple moving average is $15.37. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15.

BW LPG Cuts Dividend

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

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.