Eastside Distilling, Inc. (NASDAQ:EAST) Short Interest Update

Eastside Distilling, Inc. (NASDAQ:EAST) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 69,400 shares, an increase of 41.3% from the August 15th total of 49,100 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,320,000 shares, the short-interest ratio is presently 0.0 days.

Eastside Distilling Price Performance

Eastside Distilling stock traded down $0.03 during mid-day trading on Monday, hitting $0.60. 201,491 shares of the company were exchanged, compared to its average volume of 931,933. The company has a market capitalization of $1.05 million, a PE ratio of -0.11 and a beta of 1.78. The business has a fifty day moving average of $0.90 and a 200 day moving average of $1.00. Eastside Distilling has a 1-year low of $0.58 and a 1-year high of $2.98. The company has a quick ratio of 0.11, a current ratio of 0.29 and a debt-to-equity ratio of 3.17.

Eastside Distilling (NASDAQ:EAST) last announced its earnings results on Wednesday, August 14th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.05). The firm had revenue of $3.06 million for the quarter, compared to analyst estimates of $2.58 million. Eastside Distilling had a negative return on equity of 2,066.36% and a negative net margin of 66.06%. During the same quarter last year, the business earned ($1.96) EPS. As a group, sell-side analysts expect that Eastside Distilling will post -2.63 earnings per share for the current year.

Eastside Distilling Company Profile

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.