Dynagas LNG Partners LP (NYSE:DLNG) Sees Large Increase in Short Interest

Dynagas LNG Partners LP (NYSE:DLNG) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 12,000 shares, a growth of 76.5% from the August 31st total of 6,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 37,300 shares, the short-interest ratio is currently 0.3 days.

Dynagas LNG Partners Trading Down 1.0 %

Shares of NYSE:DLNG traded down $0.04 during midday trading on Friday, hitting $3.78. The company had a trading volume of 14,638 shares, compared to its average volume of 41,130. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $4.24. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89. The stock has a market cap of $139.26 million, a price-to-earnings ratio of 5.32 and a beta of 1.39. The firm has a fifty day simple moving average of $3.76 and a 200 day simple moving average of $3.66.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a return on equity of 11.77% and a net margin of 21.27%. The company had revenue of $37.62 million during the quarter, compared to the consensus estimate of $37.92 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, analysts predict that Dynagas LNG Partners will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday.

About Dynagas LNG Partners

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.