Eastside Distilling, Inc. (NASDAQ:EAST – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 66,500 shares, an increase of 87.9% from the June 30th total of 35,400 shares. Currently, 5.6% of the company’s shares are short sold. Based on an average daily trading volume, of 88,500 shares, the days-to-cover ratio is currently 0.8 days.
Analysts Set New Price Targets
Separately, Roth Mkm decreased their price objective on shares of Eastside Distilling from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Monday, April 8th.
View Our Latest Research Report on Eastside Distilling
Eastside Distilling Stock Down 2.1 %
Eastside Distilling (NASDAQ:EAST – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The firm had revenue of $2.41 million during the quarter, compared to analyst estimates of $2.72 million. On average, equities research analysts expect that Eastside Distilling will post -2.63 earnings per share for the current fiscal year.
About Eastside Distilling
Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.
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