Short Interest in Okeanis Eco Tankers Corp. (NYSE:ECO) Increases By 23.7%

Okeanis Eco Tankers Corp. (NYSE:ECO) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 30,800 shares, a growth of 23.7% from the June 30th total of 24,900 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 46,800 shares, the days-to-cover ratio is presently 0.7 days.

Okeanis Eco Tankers Trading Up 0.2 %

Okeanis Eco Tankers stock traded up $0.05 during trading on Friday, reaching $31.16. The company had a trading volume of 35,147 shares, compared to its average volume of 55,877. The business’s 50-day moving average is $32.58. Okeanis Eco Tankers has a 52 week low of $22.00 and a 52 week high of $36.69. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.87 and a quick ratio of 1.61. The stock has a market capitalization of $1.00 billion and a price-to-earnings ratio of 7.44.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Thursday, May 16th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $111.12 million for the quarter, compared to analysts’ expectations of $109.19 million. Okeanis Eco Tankers had a return on equity of 31.86% and a net margin of 32.84%. On average, analysts predict that Okeanis Eco Tankers will post 4.27 earnings per share for the current year.

Okeanis Eco Tankers Increases Dividend

The company also recently declared a — dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were given a $1.10 dividend. This is a positive change from Okeanis Eco Tankers’s previous — dividend of $0.66. The ex-dividend date of this dividend was Wednesday, June 5th. Okeanis Eco Tankers’s dividend payout ratio is presently 105.01%.

Wall Street Analyst Weigh In

Separately, B. Riley upped their target price on shares of Okeanis Eco Tankers from $38.00 to $44.00 and gave the company a “buy” rating in a report on Friday, May 17th.

Institutional Trading of Okeanis Eco Tankers

Institutional investors and hedge funds have recently modified their holdings of the company. Susquehanna International Securities Ltd. bought a new stake in Okeanis Eco Tankers during the first quarter valued at about $210,000. Glenorchy Capital Ltd purchased a new stake in Okeanis Eco Tankers during the 4th quarter valued at approximately $678,000. Finally, Hsbc Holdings PLC bought a new position in shares of Okeanis Eco Tankers during the fourth quarter worth $804,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.