Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Update

Okeanis Eco Tankers Corp. (NYSE:ECO) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 217,200 shares, a growth of 36.7% from the December 31st total of 158,900 shares. Based on an average daily trading volume, of 190,300 shares, the short-interest ratio is presently 1.1 days. Approximately 4.1% of the company’s shares are short sold.

Okeanis Eco Tankers Stock Down 1.0 %

Shares of NYSE ECO opened at $24.10 on Friday. The stock has a fifty day moving average price of $21.91 and a 200 day moving average price of $27.37. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 1.48. Okeanis Eco Tankers has a 12-month low of $18.79 and a 12-month high of $36.69. The company has a market cap of $775.88 million and a P/E ratio of 6.64.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Friday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.36. The business had revenue of $84.93 million during the quarter, compared to analyst estimates of $74.61 million. Okeanis Eco Tankers had a return on equity of 27.19% and a net margin of 29.25%. Research analysts anticipate that Okeanis Eco Tankers will post 3.13 EPS for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a dividend of $0.45 per share. The ex-dividend date was Monday, November 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.47%. Okeanis Eco Tankers’s payout ratio is currently 48.48%.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price objective on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wexford Capital LP increased its stake in Okeanis Eco Tankers by 7.1% during the 3rd quarter. Wexford Capital LP now owns 22,204 shares of the company’s stock worth $728,000 after buying an additional 1,472 shares during the period. Jane Street Group LLC purchased a new stake in shares of Okeanis Eco Tankers during the third quarter worth about $206,000. Marshall Wace LLP acquired a new position in shares of Okeanis Eco Tankers in the second quarter worth about $247,000. PDT Partners LLC boosted its holdings in Okeanis Eco Tankers by 61.5% in the third quarter. PDT Partners LLC now owns 20,254 shares of the company’s stock valued at $663,000 after purchasing an additional 7,715 shares during the last quarter. Finally, BBR Partners LLC acquired a new stake in Okeanis Eco Tankers during the 3rd quarter valued at approximately $326,000.

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.