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Short interest in Euroseas Ltd. (NASDAQ:ESEA) has decreased significantly.

Short interest in Euroseas Ltd. (NASDAQ:ESEA) has decreased significantly.

During December, the total number of short positions held in Euroseas Ltd. went down by a sizeable amount (NASDAQ: ESEA). There were 160,500 shares available for a short sale as of November 30. Still, as of December 15, there were only 149,200 shares available for a short sale, representing a decrease of 7.0% from the total of 160,500 shares available for a short sale as of November 30. The days-to-cover ratio is currently at 2.8 days, with an average daily trading volume of 52,500 shares serving as the basis for this calculation. The data from the past served as the source for this information. 4.7% of the company’s shares are traded on the short market.
Institutional investors and hedge funds have been active participants in recent transactions involving the purchase and sale of ESEA shares. During the second quarter, approximately 184,000 dollars were spent by Dupont Capital Management Corporation to acquire additional shares in the European market. Walleye Trading LLC incurred approximately 222 thousand dollars in expenses while establishing a new presence in Europe during the first three months of this year. During the second quarter, Cubist Systematic Strategies LLC was kind enough to give Euroseas a monetary donation of $225,000. UBS Group AG achieved a 375.3 percent increase in its European holdings during the year’s first three months. As a result of the purchase of an additional 6,500 shares during the most recent quarter, UBS Group AG is now the owner of 8,232 shares of the shipping company’s stock. Based on the current market price, this gives the company a market value of $238,000. And as if that weren’t enough, during the second quarter, Cambridge Investment Research Advisors Inc. increased the percentage of European stock owned by 10.3%, making it the crowning achievement of this article. After purchasing an additional 977 shares during the relevant period, Cambridge Investment Research Advisors Inc. now has 10,425 shares of the shipping company’s stock. Given that each share is valued at $249,000, the total value of the company’s stock holdings has increased to $449,000, bringing the total value of the company’s stock holdings to $449,000. 4.11 hedge funds and other institutional investors hold a percent of the company’s stock.
Multiple research analysts have recently provided commentary on the ESEA stock that was provided recently. In a report published on December 14 by StockNews.com, the recommendation for Euroseas was changed from “hold” to “buy,” indicating an upgrade in the recommendation’s strength. Invest Securities stated its intention to lower its price target for Europe from $50.00 to $30.00 in a research study released on November 17. The stock of Euroseas was given an improved rating of “b-” by The Street in a research report published on Thursday, December 15. Previously, it had been rated “c+,” which was lower. Finally, Maxim Group lowered their recommendation for Europe from a “buy” rating to a “hold” rating in research that was made public on Friday, December 30. Despite this change, their price target for the stock remained the same at $42.00.
NASDAQ: ESEA was first available for trading on Wednesday with a starting price of $18.70. The company’s beta value is 0.66, and its price-to-earnings ratio stands at 1.25. The company currently has a market capitalization of 133.14 million dollars. During the previous 52 weeks, the price of a euro ranged anywhere from $18.25 to $35.47, with a price of $35.47 serving the average. Several values can be used in this calculation. Some examples include a debt-to-equity ratio of 0.49, a current ratio of 0.62, and a quick ratio of 0.58. In addition, $19.47 is the company’s moving average price over the past 50 days, and $21.67 is the moving average price over the past 200 days.
On Monday, November 14, the company website made the most recent quarterly earnings report for Euroseas (NASDAQ: ESEA) available for public consumption. The shipping company reported earnings per share for the quarter of $2.90, which was lower than the consensus forecast among analysts, which was reported to be $3.47. The analysts had predicted earnings per share of $3.47. The company’s sales for the quarter came in at $47.74 million, which is significantly lower than the consensus projection of $48.37 million for sales, which was reached by the industry as a whole. Eurosea was successful in achieving both a net margin of 60.98% as well as an equity return of 85.11%.
In addition, the company has just recently announced and paid out a quarterly dividend, which was done so on December 16. On Friday, December 9, a dividend payment of fifty cents was made to stockholders who still possessed their shares as of that day. This payment was made to stockholders who still owned their shares. The day that dividends were payable to shareholders was this past Thursday, December 8. Because of this, the yield comes out to 10.70%, and the annual dividend payout comes to $2. Currently, 13.33% of Euroseas’ earnings are paid out as dividends to shareholders.

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