Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Up 36.7% in December

Okeanis Eco Tankers Corp. (NYSE:ECO) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 217,200 shares, an increase of 36.7% from the December 15th total of 158,900 shares. Based on an average trading volume of 190,300 shares, the days-to-cover ratio is currently 1.1 days. Currently, 4.1% of the shares of the stock are sold short.

Okeanis Eco Tankers Trading Up 1.6 %

ECO stock opened at $25.28 on Thursday. The firm has a fifty day moving average price of $22.06 and a 200 day moving average price of $27.96. Okeanis Eco Tankers has a fifty-two week low of $18.79 and a fifty-two week high of $36.69. The firm has a market cap of $813.86 million and a PE ratio of 6.96. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Friday, November 8th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.36. Okeanis Eco Tankers had a net margin of 29.25% and a return on equity of 27.19%. The firm had revenue of $84.93 million for the quarter, compared to the consensus estimate of $74.61 million. Sell-side analysts anticipate that Okeanis Eco Tankers will post 3.19 earnings per share for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend was Monday, November 18th. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 48.48%.

Analyst Ratings Changes

Separately, B. Riley decreased their price target on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday.

Institutional Trading of Okeanis Eco Tankers

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its position in Okeanis Eco Tankers by 123.9% during the second quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock valued at $5,692,000 after acquiring an additional 98,528 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in Okeanis Eco Tankers during the 2nd quarter valued at about $2,086,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Okeanis Eco Tankers in the 2nd quarter worth about $1,767,000. Quadrature Capital Ltd bought a new stake in Okeanis Eco Tankers in the third quarter worth about $1,169,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Okeanis Eco Tankers by 409.9% during the third quarter. BNP Paribas Financial Markets now owns 20,252 shares of the company’s stock valued at $661,000 after buying an additional 16,280 shares during the last quarter.

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.