KNOT Offshore Partners LP (NYSE:KNOP) Short Interest Down 15.5% in April

KNOT Offshore Partners LP (NYSE:KNOP) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 23,900 shares, a decrease of 15.5% from the March 31st total of 28,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 72,300 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of KNOT Offshore Partners

Large investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. purchased a new position in KNOT Offshore Partners during the 4th quarter worth $61,000. Valeo Financial Advisors LLC purchased a new position in KNOT Offshore Partners during the 1st quarter worth $57,000. EWA LLC purchased a new position in KNOT Offshore Partners during the 4th quarter worth $75,000. FNY Investment Advisers LLC raised its position in KNOT Offshore Partners by 31.8% during the 4th quarter. FNY Investment Advisers LLC now owns 69,175 shares of the shipping company’s stock worth $398,000 after buying an additional 16,687 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in KNOT Offshore Partners during the 4th quarter worth $153,000. Institutional investors and hedge funds own 26.82% of the company’s stock.

KNOT Offshore Partners Stock Performance

NYSE:KNOP traded down $0.09 during trading hours on Tuesday, reaching $5.26. 62,565 shares of the company’s stock were exchanged, compared to its average volume of 76,182. The firm has a market capitalization of $179.05 million, a price-to-earnings ratio of -5.16 and a beta of 0.67. The company has a 50-day moving average of $5.29 and a 200 day moving average of $5.61. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 1.64. KNOT Offshore Partners has a 1-year low of $4.28 and a 1-year high of $7.00.

KNOT Offshore Partners (NYSE:KNOP) last issued its quarterly earnings results on Monday, February 26th. The shipping company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.23). The business had revenue of $73.03 million for the quarter, compared to analyst estimates of $70.96 million. KNOT Offshore Partners had a positive return on equity of 2.86% and a negative net margin of 11.81%. Research analysts anticipate that KNOT Offshore Partners will post -0.31 EPS for the current year.

KNOT Offshore Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be paid a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, April 26th. KNOT Offshore Partners’s dividend payout ratio is currently -9.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of KNOT Offshore Partners from a “buy” rating to a “strong-buy” rating in a report on Monday.

KNOT Offshore Partners Company Profile

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.