TOP SHIPS Inc (NASDAQ:TOPS) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 444,400 shares, an increase of 176.0% from the September 30th total of 161,000 shares. Currently, 13.7% of the company’s stock are sold short. Based on an average daily volume of 620,100 shares, the days-to-cover ratio is currently 0.7 days.
Shares of TOP SHIPS stock opened at $0.92 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.13 and a current ratio of 0.15. TOP SHIPS has a 1 year low of $0.87 and a 1 year high of $28.40. The firm’s 50-day simple moving average is $3.00 and its 200-day simple moving average is $1.96.
TOPS has been the topic of a number of recent analyst reports. Maxim Group set a $6.00 target price on shares of TOP SHIPS and gave the company a “buy” rating in a research note on Wednesday, September 18th. ValuEngine lowered shares of TOP SHIPS from a “buy” rating to a “hold” rating in a research note on Wednesday.
TOP SHIPS Company Profile
Top Ships Inc owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2018, it had a fleet of two bareboat chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; six 50,000 dwt product/chemical tankers, the M/T Stenaweco Excellence, M/T Nord Valiant, M/T Stenaweco Elegance, the M/T Eco Palm Desert, the M/T Eco California, and the M/T Eco Marina Del Ray; two 50,000 dwt product/chemical tankers, the M/T Eco Holmby Hills and the M/T Palm Springs; and a 157,000 dwt Suezmax vessel M/T Eco Bel Air.
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