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

Okeanis Eco Tankers Corp. (NYSE:ECO) was the target of a significant growth in short interest in 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 46,800 shares, the days-to-cover ratio is presently 0.7 days.

Okeanis Eco Tankers Trading Up 0.3 %

NYSE:ECO traded up $0.10 during trading hours on Tuesday, hitting $31.88. 56,832 shares of the company were exchanged, compared to its average volume of 51,261. The company has a market cap of $1.03 billion and a PE ratio of 7.58. The company has a quick ratio of 1.61, a current ratio of 1.87 and a debt-to-equity ratio of 1.47. Okeanis Eco Tankers has a one year low of $22.00 and a one year high of $36.69. The business’s fifty day moving average is $32.50.

Okeanis Eco Tankers (NYSE:ECO) last announced its earnings results on Thursday, May 16th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The business had revenue of $111.12 million during the quarter, compared to analyst estimates of $109.19 million. Okeanis Eco Tankers had a return on equity of 31.86% and a net margin of 32.84%. Equities research analysts predict that Okeanis Eco Tankers will post 4.27 earnings per share for the current fiscal year.

Okeanis Eco Tankers Increases Dividend

The business also recently announced a — dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $1.10 per share. This is a positive change from Okeanis Eco Tankers’s previous — dividend of $0.66. The ex-dividend date was Wednesday, June 5th. Okeanis Eco Tankers’s dividend payout ratio (DPR) is currently 105.01%.

Institutional Trading of Okeanis Eco Tankers

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in shares of Okeanis Eco Tankers in the 4th quarter valued at about $804,000. Glenorchy Capital Ltd acquired a new stake in shares of Okeanis Eco Tankers in the 4th quarter valued at about $678,000. Finally, Susquehanna International Securities Ltd. acquired a new stake in shares of Okeanis Eco Tankers in the 1st quarter valued at about $210,000.

Wall Street Analysts Forecast Growth

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

Okeanis Eco Tankers Company Profile

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.