Dynagas LNG Partners LP (NYSE:DLNG) Short Interest Up 117.4% in December

Dynagas LNG Partners LP (NYSE:DLNG) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 67,600 shares, a growth of 117.4% from the December 15th total of 31,100 shares. Based on an average trading volume of 58,900 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Dynagas LNG Partners Stock Performance

Shares of NYSE DLNG traded down $0.09 during mid-day trading on Tuesday, hitting $5.28. 128,283 shares of the company were exchanged, compared to its average volume of 151,523. The stock has a 50 day simple moving average of $4.71 and a 200-day simple moving average of $4.13. Dynagas LNG Partners has a 1-year low of $2.27 and a 1-year high of $5.65. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The firm has a market cap of $194.31 million, a price-to-earnings ratio of 5.50 and a beta of 1.38.

Dynagas LNG Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 9th were paid a $0.049 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Monday, December 9th. Dynagas LNG Partners’s dividend payout ratio (DPR) is presently 19.79%.

Institutional Trading of Dynagas LNG Partners

Several hedge funds and other institutional investors have recently made changes to their positions in DLNG. FMR LLC grew its holdings in Dynagas LNG Partners by 26.1% during the third quarter. FMR LLC now owns 1,280,800 shares of the shipping company’s stock worth $4,854,000 after acquiring an additional 265,337 shares during the period. Stifel Financial Corp boosted its position in shares of Dynagas LNG Partners by 158.8% during the 3rd quarter. Stifel Financial Corp now owns 38,300 shares of the shipping company’s stock worth $145,000 after purchasing an additional 23,500 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Dynagas LNG Partners by 17.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 17,780 shares of the shipping company’s stock worth $67,000 after purchasing an additional 2,650 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Dynagas LNG Partners in a research report on Sunday, January 5th. They set a “buy” rating for the company.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.