Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Down 33.6% in February

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 284,900 shares, a drop of 33.6% from the January 31st total of 429,100 shares. Based on an average daily trading volume, of 261,900 shares, the short-interest ratio is currently 1.1 days. Approximately 2.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SHIP. R Squared Ltd bought a new position in shares of Seanergy Maritime during the fourth quarter worth about $25,000. Quarry LP increased its position in Seanergy Maritime by 77.9% in the 3rd quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock valued at $37,000 after acquiring an additional 1,321 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Seanergy Maritime during the fourth quarter valued at $70,000. Boothbay Fund Management LLC bought a new stake in shares of Seanergy Maritime during the fourth quarter valued at about $76,000. Finally, Aigen Investment Management LP acquired a new stake in Seanergy Maritime in the fourth quarter worth about $84,000. 29.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Maxim Group cut their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. StockNews.com lowered Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

Seanergy Maritime Stock Down 1.1 %

Shares of SHIP stock traded down $0.08 on Tuesday, hitting $6.85. The stock had a trading volume of 115,504 shares, compared to its average volume of 265,454. Seanergy Maritime has a 52-week low of $6.55 and a 52-week high of $13.19. The firm has a market capitalization of $141.68 million, a price-to-earnings ratio of 2.92 and a beta of 0.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The stock’s 50 day moving average is $6.97 and its 200-day moving average is $8.82.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.