Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Up 38.5% in March

Okeanis Eco Tankers Corp. (NYSE:ECO) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 317,400 shares, an increase of 38.5% from the March 15th total of 229,100 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average trading volume of 231,000 shares, the short-interest ratio is presently 1.4 days.

Okeanis Eco Tankers Trading Up 2.9 %

ECO opened at $21.45 on Friday. The business’s 50 day moving average price is $21.63 and its 200 day moving average price is $23.66. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64. The stock has a market capitalization of $690.63 million, a PE ratio of 6.35 and a beta of 0.04. Okeanis Eco Tankers has a one year low of $17.91 and a one year high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. The firm had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 million. As a group, equities research analysts expect that Okeanis Eco Tankers will post 1.34 EPS for the current year.

Okeanis Eco Tankers Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend was Monday, March 3rd. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 41.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut 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 report on Wednesday, January 15th.

Institutional Trading of Okeanis Eco Tankers

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership boosted its holdings in Okeanis Eco Tankers by 70.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company’s stock valued at $10,579,000 after purchasing an additional 209,260 shares during the period. Boston Partners acquired a new stake in shares of Okeanis Eco Tankers during the fourth quarter worth about $1,231,000. Jane Street Group LLC purchased a new position in Okeanis Eco Tankers in the third quarter worth $206,000. Public Employees Retirement System of Ohio acquired a new position in shares of Okeanis Eco Tankers during the 3rd quarter worth $383,000. Finally, FIL Ltd increased its holdings in shares of Okeanis Eco Tankers by 1.3% in the 4th quarter. FIL Ltd now owns 611,929 shares of the company’s stock valued at $12,439,000 after purchasing an additional 8,053 shares in the last quarter.

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.