Is Buying Aegean Marine Petroleum Network Inc (NYSE:ANW), Having Lower Short Interest a Winning Strategy?

June 17, 2018 - By Louis Casey

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) has “Hold” rating given on Friday, February 23 by Stifel Nicolaus. On Monday, December 18 the stock rating was initiated by Jefferies with “Buy”.

More notable recent Aegean Marine Petroleum Network Inc. (NYSE:ANW) news were published by: Prnewswire.com which released: “AEGEAN MARINE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI …” on June 11, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” published on June 07, 2018, Globenewswire.com published: “ANW SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of Commencement of a Class …” on June 13, 2018. More interesting news about Aegean Marine Petroleum Network Inc. (NYSE:ANW) were released by: Businesswire.com and their article: “AEGEAN MARINE LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered …” published on June 15, 2018 as well as Globenewswire.com‘s news article titled: “ANW LOSS NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Aegean Marine …” with publication date: June 08, 2018.

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