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INSW - Pyxis Tankers - Another Momentum Crowd Favorite
International Seaways Inc.
Pyxis Tankers (PXS) is a small, Greece-based operator of product tankers. The company currently owns a fleet of 4 MR2 and 2 small tankers with an average age of 8.3 years and is controlled by majority shareholder Valentios "Eddie" Valentis who currently commands an 80.9% equity stake.
Source: Company's SEC-Filings
Pyxis Tankers gained its Nasdaq listing in late 2015 through a reverse merger with the shell of LookSmart, once a leading search engine back in the early days of the World Wide Web. After the remains of LookSmart were transferred into a privately
