Ardmore Shipping Corporation (NYSE:ASC) Sellers Decreased By 14.64% Their Shorts

May 16, 2018 - By Elizabeth Jones

Ardmore Shipping Corporation (NYSE:ASC) Corporate Logo

It was showed a decrease on Ardmore Shipping Corporation (NYSE:ASC)’s shares shorted with 14.64%. FINRA announced in May ASC’s total 1.27 million shares shorted. The down change of 14.64% from 1.49 million shares was reported. 8 days will cost ASC with 168,900 average volume to recover its former position.

The stock decreased 3.61% or $0.3 during the last trading session, hitting $8.Ardmore Shipping Corporation is uptrending after having risen 1.96% since May 16, 2017. ASC has 208,578 volume or 8.18% up from normal. The stock underperformed the S&P 500 by 9.59%.

Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals through product and chemical tankers worldwide.The company has $259.56 million market cap. As of December 31, 2016, the firm operated 27 vessels.Currently it has negative earnings. It serves oil majors, oil companies, oil and chemical traders, and chemical companies.

Ardmore Shipping Corporation (NYSE:ASC) Ratings Coverage

In total 4 analysts cover Ardmore Shipping (NYSE:ASC). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. (NYSE:ASC) has 100% bullish analysts. 4 are the (NYSE:ASC)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. On Friday, March 23 the stock of Ardmore Shipping Corporation (NYSE:ASC) earned “Overweight” rating by JP Morgan. On Wednesday, January 24 the firm has “Buy” rating given by Stifel Nicolaus. On Thursday, January 4 the stock of Ardmore Shipping Corporation (NYSE:ASC) earned “Buy” rating by Seaport Global. On Monday, December 18 Jefferies initiated Ardmore Shipping Corporation (NYSE:ASC) rating. Jefferies has “Buy” rating and $11.0 target.

There’s an important Ardmore Shipping Corporation (NYSE:ASC) news released by Seekingalpha.com. It’s an article titled: “Ardmore Shipping’s (ASC) CEO Anthony Gurnee on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018.

Ardmore Shipping Corporation (NYSE:ASC) Analyst Ratings Chart

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.