What Next for Aegean Marine Petroleum Network Inc (NYSE:ANW) Stock After Increase in Shorted Shares?

April 17, 2018 - By Ellis Scott

The stock of Aegean Marine Petroleum Network Inc (NYSE:ANW) registered an increase of 4.23% in short interest. ANW’s total short interest was 2.57M shares in April as published by FINRA. Its up 4.23% from 2.46M shares, reported previously. With 804,000 shares average volume, it will take short sellers 3 days to cover their ANW’s short positions. The short interest to Aegean Marine Petroleum Network Inc’s float is 9.26%.

The stock increased 3.12% or $0.07 during the last trading session, reaching $2.47. About 46,243 shares traded. Aegean Marine Petroleum Network Inc. (NYSE:ANW) has declined 83.33% since April 17, 2017 and is downtrending. It has underperformed by 94.88% 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 $100.59 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 6 analyst reports since October 22, 2017 according to SRatingsIntel. The company was downgraded on Friday, February 23 by Stifel Nicolaus. The company was maintained on Monday, October 23 by Jefferies. The stock has “Buy” rating by Stifel Nicolaus on Sunday, October 22. As per Wednesday, November 8, the company rating was maintained by Stifel Nicolaus. As per Thursday, November 16, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Monday, December 18 by Jefferies.

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

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