Short interest in Pyxis Tankers fell 35% over the past week to 17,631 shares as of April 23, marking the lowest level since early April. Cost to borrow declined 5.8% to 5.60% and utilisation dropped to just 0.52% from 4.09% a week earlier.
PXS closed at $4.38 on April 24. The stock is down 1.4% over the past week and 3.1% over the month.
The marine transportation name has held above the $4.00 level through April despite modest downward pressure.
Short interest collapsed 34.5% week-over-week to 17,631 shares on April 23. This marks a sharp reversal from the 27,234-share position recorded on April 20.
SI % of free float data is unavailable. FINRA's latest fortnightly report showed 22,878 shares short as of the April 15 settlement date with 1.0 day to cover.
Over the past month, short interest is down 38%. The trend reversed sharply from a March 23 spike to 54,010 shares—the highest reading in the 30-day history. Since that peak, bears have cut positions by 67%.
Cost to borrow eased 5.8% over the week to 5.60% on April 23. The metric is down from 6.16% on March 27 and 6.42% on March 24. Borrowing costs have declined steadily from the mid-6% range seen in late February and early March.
Utilisation sits at 0.52%, down from 4.09% a week ago and 5.33% on April 14. The current reading is well below the 52-week high of 20.67%. Utilisation briefly touched 11.85% on March 23, coinciding with the short interest spike, before retreating to sub-1% levels by late March and early April.
The combination of falling short interest, lower cost to borrow, and collapsing utilisation suggests bears are exiting positions. Borrowing availability has opened up significantly.
PXS carries a "buy" consensus rating from one analyst. The consensus is stale—last updated March 18, 38 days ago.
Alliance Global Partners analyst James Molloy initiated coverage with a "buy" rating and $10 target in July 2024. ThinkEquity's Ashok Kumar initiated with a "buy" and $5 target in June 2022. No recent updates have been published.
Price-to-earnings ratio stands at 4.62 as of early January 2023. The multiple is down 3.54 points over 30 days and 2.46 points over a week. Earnings yield is 21.6%, up 9.4 percentage points over the month.
EV/EBITDA is 5.35 as of late November 2022, down 0.09 points over 30 days.
Short score ranks at the 76th percentile. Days to cover ranks in the 81st percentile and utilisation in the 75th. The sector score sits in the 69th percentile. Analyst recommendation differential ranks in the 52nd percentile; dividend score in the 20th.
Founder and CEO Valentios Valentis holds 6.0 million shares (58.7% of the company). He trimmed 814 shares as of his March 18 filing.
Henry Williams holds 60,016 shares (0.59%), adding 801 shares. Director Konstantinos Lytras owns 34,078 shares (0.33%), up 4,984.
Renaissance Technologies added 14,400 shares to bring its position to 86,101 shares (0.84%) as of December 31. Citadel Advisors added 34,030 shares to reach 55,335 shares (0.54%).
Two Sigma Securities initiated a new 17,888-share position (0.17%) in Q4 2025. Susquehanna International initiated with 16,254 shares (0.16%). XTX Markets took a new 10,307-share position (0.10%).
FMR added 19 shares to 10,639 shares (0.10%) as of its February 27 filing. BlackRock and Geode Capital maintained flat positions at 1,631 shares (0.02%) and 10,640 shares (0.10%), respectively.
No peer data is available in the snapshot.
The next earnings event is scheduled for May 18, 2026 at 8:00 PM UTC. Prior events occurred on March 13, March 5 (two separate releases), and November 21, 2025. Price reaction data is unavailable for these prints.
Earnings are due May 18. The company operates in the marine transportation sector, specifically tanker shipping—an industry sensitive to commodity flows, freight rates, and geopolitical developments.
The sharp retreat in short interest and utilisation since late March suggests bears have reassessed their thesis or covered into strength. Whether this reflects improved fundamentals or simply position unwinding will become clearer after the May earnings release.
Monitor insider filings from the Valentis family and other board members. Watch for any updates from Alliance Global Partners—their $10 target implies 128% upside from current levels.
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