Ardmore Shipping Corporation (NYSE:ASC) Sellers Decreased By 14.64% Their Shorts As Of May 16, 2018

May 16, 2018 - By Noel Courtney

Ardmore Shipping Corporation (NYSE:ASC) Corporate Logo

It was recorded a decrease on Ardmore Shipping Corporation (NYSE:ASC)’s short interest with 14.64%. FINRA published in May ASC’s total 1.27 million short interest. 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.

ASC hit $8 during the last trading session after $0.3 change.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. ASC underperformed the S&P500 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 firm is worth $259.56 million. 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. The company rating was maintained by Stifel Nicolaus on Wednesday, January 24. In Thursday, January 4 report Seaport Global maintained it with “Buy” rating and $12.0 target. On Friday, March 23 the stock of Ardmore Shipping Corporation (NYSE:ASC) earned “Overweight” rating by JP Morgan. On Monday, December 18 the firm earned “Buy” rating by Jefferies.

There’s a significant Ardmore Shipping Corporation (NYSE:ASC) news released by Seekingalpha.com. It’s an item 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

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