Aegean Marine Petroleum Network Inc (NYSE:ANW)’s Trend Up, Especially After Decreased Shorts

June 17, 2018 - By Adrian Mccoy

The stock of Aegean Marine Petroleum Network Inc (NYSE:ANW) registered a decrease of 15.15% in short interest. ANW’s total short interest was 2.18M shares in June as published by FINRA. Its down 15.15% from 2.57 million shares, reported previously. With 328,100 shares average volume, it will take short sellers 7 days to cover their ANW’s short positions. The short interest to Aegean Marine Petroleum Network Inc’s float is 7.88%.

The stock decreased 8.66% or $0.082 during the last trading session, reaching $0.861. About 2.21 million shares traded or 65.07% up from the average. Aegean Marine Petroleum Network Inc. (NYSE:ANW) has declined 46.55% since June 17, 2017 and is downtrending. It has underperformed by 59.12% the S&P500.

Aegean Marine Petroleum Network, Inc., together with its subsidiaries, operates as a marine fuel logistics firm that markets and supplies refined marine fuel and lubricants to vessels in port, at sea, and on rivers worldwide. The company has market cap of $34.99 million. The firm offers fueling services to ocean-going and a range of coastal vessels, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, and ferries, as well as to marine fuel traders, brokers, and other end-users of marine fuel and lubricants. It currently has negative earnings. It also markets and distributes marine lubricants under the Alfa Marine Lubricants brand; and provides a range of shipping services, such as technical support and maintenance, insurance arrangement and handling, financial administration, and accounting services.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) Ratings Coverage

Among 2 analysts covering Aegean Marine (NYSE:ANW), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Aegean Marine had 2 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Aegean Marine Petroleum Network Inc. (NYSE:ANW) earned “Buy” rating by Jefferies on Monday, December 18. The firm earned “Hold” rating on Friday, February 23 by Stifel Nicolaus.

More notable recent Aegean Marine Petroleum Network Inc. (NYSE:ANW) news were published by: Globenewswire.com which released: “ANW LOSS NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Aegean Marine …” on June 08, 2018, also Seekingalpha.com with their article: “Aegean Marine: Did ‘The Tiger’ Leave Any Flesh On Its Prey?” published on June 07, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on June 07, 2018. More interesting news about Aegean Marine Petroleum Network Inc. (NYSE:ANW) were released by: Seekingalpha.com and their article: “Aegean Marine: An Outright Disaster” published on June 07, 2018 as well as Globenewswire.com‘s news article titled: “Aegean Marine Petroleum Network Inc. Provides Business Updates” with publication date: May 22, 2018.

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.

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: