Euroseas Ltd. (NASDAQ:ESEA) Short Interest Up 19.1% in April

Euroseas Ltd. (NASDAQ:ESEAGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 201,600 shares, an increase of 19.1% from the March 31st total of 169,200 shares. Based on an average daily volume of 118,000 shares, the short-interest ratio is currently 1.7 days. Approximately 7.6% of the company’s stock are sold short.

Several institutional investors and hedge funds have recently made changes to their positions in ESEA. Koshinski Asset Management Inc. bought a new position in Euroseas in the 1st quarter worth approximately $40,000. Navellier & Associates Inc. raised its position in shares of Euroseas by 6.9% during the 4th quarter. Navellier & Associates Inc. now owns 10,897 shares of the shipping company’s stock valued at $271,000 after acquiring an additional 706 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of Euroseas by 456.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,138 shares of the shipping company’s stock valued at $203,000 after acquiring an additional 6,675 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Euroseas during the 3rd quarter valued at $282,000. Finally, Two Sigma Advisers LP raised its position in shares of Euroseas by 122.7% during the 3rd quarter. Two Sigma Advisers LP now owns 63,700 shares of the shipping company’s stock valued at $2,142,000 after acquiring an additional 35,100 shares during the last quarter. 7.33% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on ESEA shares. StockNews.com started coverage on Euroseas in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered Euroseas from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, TheStreet lowered Euroseas from a “b-” rating to a “c+” rating in a report on Thursday, April 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Euroseas has a consensus rating of “Buy” and a consensus price target of $36.33.

Shares of ESEA opened at $25.29 on Wednesday. Euroseas has a 12-month low of $13.72 and a 12-month high of $39.17. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $184.47 million, a price-to-earnings ratio of 4.26 and a beta of 0.54. The stock’s 50-day moving average price is $27.27 and its 200 day moving average price is $27.81.

Euroseas (NASDAQ:ESEAGet Rating) last released its quarterly earnings data on Tuesday, February 15th. The shipping company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.18. The company had revenue of $40.00 million for the quarter, compared to the consensus estimate of $36.88 million. Euroseas had a return on equity of 81.90% and a net margin of 45.67%. During the same period in the previous year, the business earned ($0.16) earnings per share. Equities research analysts expect that Euroseas will post 14.47 EPS for the current year.

About Euroseas (Get Rating)

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of May 6, 2021, it had a fleet of 14 vessels, including 9 feeder containerships and 5 intermediate container carriers with a cargo capacity of 42,281 teu.

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