Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 389,700 shares, a drop of 26.7% from the May 30th total of 531,700 shares. Currently, 26.0% of the company’s stock are sold short. Based on an average trading volume of 355,400 shares, the days-to-cover ratio is presently 1.1 days.

A number of equities research analysts have commented on SHIP shares. Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Maxim Group set a $24.00 price objective on BioLife Solutions and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Noble Financial lowered Seanergy Maritime to a “buy” rating and set a $2.00 price objective for the company. in a research report on Monday, July 1st. Finally, ValuEngine lowered ENN ENERGY HOLD/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th.

Shares of SHIP traded down $0.01 during midday trading on Friday, reaching $0.59. 11,199 shares of the stock were exchanged, compared to its average volume of 718,458. Seanergy Maritime has a 12-month low of $0.52 and a 12-month high of $16.35. The business has a 50 day simple moving average of $0.77. The firm has a market cap of $1.62 million, a P/E ratio of -0.10 and a beta of 0.82.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

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