Short Interest in BW LPG Limited (NYSE:BWLP) Increases By 20.0%

BW LPG Limited (NYSE:BWLP) saw a significant increase in short interest during the month of 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 volume of 358,600 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On BW LPG

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

BW LPG Trading Down 0.7 %

NYSE:BWLP opened at $10.89 on Monday. BW LPG has a 52-week low of $10.32 and a 52-week high of $22.31. The stock’s 50 day moving average price is $13.16 and its 200 day moving average price is $15.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34.

BW LPG Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 12th will be given 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 dividend yield of 15.43%.

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.