Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Up 39.6% in September

Okeanis Eco Tankers Corp. (NYSE:ECO) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 176,600 shares, an increase of 39.6% from the September 15th total of 126,500 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 87,400 shares, the days-to-cover ratio is currently 2.0 days.

Okeanis Eco Tankers Stock Performance

NYSE ECO traded down $0.29 on Friday, reaching $34.51. The stock had a trading volume of 68,744 shares, compared to its average volume of 62,508. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.23 and a current ratio of 1.48. Okeanis Eco Tankers has a 12-month low of $23.05 and a 12-month high of $36.69. The business’s 50-day moving average price is $31.80 and its 200 day moving average price is $31.97. The stock has a market cap of $1.11 billion and a P/E ratio of 8.24.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Friday, August 9th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.33. The company had revenue of $111.99 million during the quarter, compared to analysts’ expectations of $100.71 million. Okeanis Eco Tankers had a return on equity of 28.35% and a net margin of 30.17%. As a group, equities analysts expect that Okeanis Eco Tankers will post 3.52 earnings per share for the current year.

Okeanis Eco Tankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 12.75%. The ex-dividend date was Wednesday, August 21st. Okeanis Eco Tankers’s payout ratio is currently 105.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ECO. Susquehanna International Securities Ltd. acquired a new position in Okeanis Eco Tankers during the first quarter worth $210,000. Marshall Wace LLP acquired a new position in Okeanis Eco Tankers during the second quarter worth $247,000. Acadian Asset Management LLC acquired a new position in Okeanis Eco Tankers during the second quarter worth $370,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Okeanis Eco Tankers during the second quarter worth $1,767,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Okeanis Eco Tankers in the second quarter valued at $2,086,000.

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.