Short Interest Change: Today Tsakos Energy Navigation Limited (NYSE:TNP) Reported Increase in Shorted Shares

November 17, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Change: Today Tsakos Energy Navigation Limited (NYSE:TNP) Reported Increase in Shorted Shares

The stock of Tsakos Energy Navigation Limited (NYSE:TNP) registered an increase of 38.42% in short interest. TNP’s total short interest was 510,500 shares in November as published by FINRA. Its up 38.42% from 368,800 shares, reported previously. With 465,700 shares average volume, it will take short sellers 1 days to cover their TNP’s short positions. The short interest to Tsakos Energy Navigation Limited’s float is 0.9%. About 485,568 shares traded hands or 4.12% up from the average. Tsakos Energy Navigation Ltd. (NYSE:TNP) has declined 20.98% since April 15, 2016 and is downtrending. It has underperformed by 25.61% the S&P500.

Tsakos Energy Navigation Limited is a well-known provider of international seaborne crude oil and petroleum product transportation services. The company has a market cap of $399.57 million. The Firm operates through maritime transportation of liquid energy related products segment. It has a 2.99 P/E ratio. It operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

Tsakos Energy Navigation Ltd. (NYSE:TNP) Ratings Coverage

Out of 5 analysts covering Tsakos Energy Navigation Ltd (NYSE:TNP), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Tsakos Energy Navigation Ltd has been the topic of 7 analyst reports since January 19, 2016 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Thursday, April 7 by JP Morgan. As per Wednesday, June 1, the company rating was maintained by Morgan Stanley. Jefferies maintained Tsakos Energy Navigation Ltd. (NYSE:TNP) rating on Wednesday, July 27. Jefferies has “Buy” rating and $7 price target. The stock of Tsakos Energy Navigation Ltd. (NYSE:TNP) earned “Buy” rating by Seaport Global on Wednesday, May 4. JP Morgan maintained Tsakos Energy Navigation Ltd. (NYSE:TNP) on Tuesday, March 15 with “Overweight” rating. The firm has “Neutral” rating by UBS given on Tuesday, July 26.

TNP Company Profile

Tsakos Energy Navigation Limited, incorporated on July 16, 1993, is a well-known provider of international seaborne crude oil and petroleum product transportation services. The Firm operates through maritime transportation of liquid energy related products segment. The Firm operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. The Company’s fleet also includes a liquefied natural gas (LNG) carrier and over two shuttle suezmax tankers with dynamic positioning technology (DP2). Approximately 20 of the operating vessels are of ice-class specification. This fleet diversity includes a range of sister ships. The operating fleet totals approximately 5.2 million deadweight tonnage (dwt), all of which is double-hulled.

Another recent and important Tsakos Energy Navigation Ltd. (NYSE:TNP) news was published by Hellenicshippingnews.com which published an article titled: “New Broker Ratings For Tsakos Energy Navigation Ltd” on August 23, 2016.

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By Hazel Jackson


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