Short Interest Alert: Will Ardmore Shipping Corporation (NYSE:ASC) Run Out of Steam Soon? Short Interest is Up

November 24, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Alert: Will Ardmore Shipping Corporation (NYSE:ASC) Run Out of Steam Soon? Short Interest is Up

The stock of Ardmore Shipping Corporation (NYSE:ASC) registered an increase of 25.52% in short interest. ASC’s total short interest was 2.53 million shares in November as published by FINRA. Its up 25.52% from 2.02M shares, reported previously. With 280,300 shares average volume, it will take short sellers 9 days to cover their ASC’s short positions. The short interest to Ardmore Shipping Corporation’s float is 9.12%. The stock decreased 2.88% or $0.2 on November 23, hitting $6.75. About 165,658 shares traded hands. Ardmore Shipping Corp (NYSE:ASC) has declined 30.34% since April 22, 2016 and is downtrending. It has underperformed by 35.75% the S&P500.

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The company has a market cap of $224.44 million. The Company’s segment relates to the activities of its vessels. It has a 5.69 P/E ratio. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.

Ardmore Shipping Corp (NYSE:ASC) Ratings Coverage

Out of 7 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Ardmore Shipping Corporation has been the topic of 9 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, December 15 by Deutsche Bank. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, August 25 report. The firm has “Overweight” rating given on Thursday, April 7 by JP Morgan. The firm earned “Buy” rating on Wednesday, July 27 by Jefferies. As per Thursday, November 5, the company rating was upgraded by Seaport Global. The firm earned “Buy” rating on Wednesday, May 4 by Seaport Global. The stock has “Hold” rating given by ABN Amro on Friday, July 1.

ASC Company Profile

Ardmore Shipping Corporation, incorporated on May 14, 2013, provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the activities of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company’s vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader.

More news for Ardmore Shipping Corp (NYSE:ASC) were recently published by: Fool.com, which released: “Ardmore Shipping Corp Sinks on a Discounted Stock Offering” on June 08, 2016. Prnewswire.com‘s article titled: “Ardmore Shipping Announces Successful Refinancing” and published on January 14, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Peter Erickson


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>