BW LPG Limited (NYSE:BWLP) Short Interest Update

BW LPG Limited (NYSE:BWLP) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 666,000 shares, an increase 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. Currently, 0.8% of the company’s stock are sold short.

BW LPG Trading Down 0.7 %

BWLP stock opened at $10.89 on Monday. 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 has a 1 year low of $10.32 and a 1 year high of $22.31. The stock has a 50-day simple moving average of $13.16 and a 200-day simple moving average of $15.33.

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 paid a dividend of $0.42 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.68 dividend on an annualized basis and a yield of 15.43%.

Institutional Investors Weigh In On BW LPG

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in BW LPG during the 2nd quarter valued at approximately $56,598,000. Assenagon Asset Management S.A. acquired a new stake in BW LPG during the 3rd quarter valued at approximately $11,827,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in BW LPG during the 2nd quarter valued at approximately $12,196,000. The Manufacturers Life Insurance Company acquired a new stake in BW LPG during the 3rd quarter valued at approximately $5,653,000. Finally, Bank of New York Mellon Corp acquired a new stake in BW LPG during the 2nd quarter valued at approximately $2,365,000.

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.