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

Okeanis Eco Tankers Corp. (NYSE:ECO) saw a large increase in short interest in 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 company’s shares are sold short. Based on an average daily trading volume, of 87,400 shares, the short-interest ratio is currently 2.0 days.

Okeanis Eco Tankers Stock Performance

Okeanis Eco Tankers stock opened at $33.20 on Tuesday. Okeanis Eco Tankers has a fifty-two week low of $23.05 and a fifty-two week high of $36.69. The company has a market capitalization of $1.07 billion and a PE ratio of 7.92. The company has a 50 day moving average price of $31.88 and a 200-day moving average price of $32.01. 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 (NYSE:ECO) last issued its earnings results 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. Okeanis Eco Tankers had a return on equity of 28.35% and a net margin of 30.17%. The business had revenue of $111.99 million during the quarter, compared to analyst estimates of $100.71 million. As a group, equities analysts forecast that Okeanis Eco Tankers will post 3.52 earnings per share for the current year.

Okeanis Eco Tankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 13.25%. The ex-dividend date was Wednesday, August 21st. Okeanis Eco Tankers’s payout ratio is 105.01%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Lighthouse Investment Partners LLC purchased a new stake in Okeanis Eco Tankers during the second quarter worth $2,086,000. Marshall Wace LLP bought a new position in shares of Okeanis Eco Tankers in the 2nd quarter worth $247,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Okeanis Eco Tankers during the 2nd quarter worth $1,767,000. Hsbc Holdings PLC lifted its stake in shares of Okeanis Eco Tankers by 123.9% during the 2nd quarter. Hsbc Holdings PLC now owns 178,056 shares of the company’s stock worth $5,692,000 after purchasing an additional 98,528 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Okeanis Eco Tankers during the second quarter valued at about $370,000.

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.