Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Sees Significant Decrease in Short Interest
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 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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