Short Interest in Okeanis Eco Tankers Corp. (NYSE:ECO) Expands By 39.6%

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 shares of the company are short sold. Based on an average trading volume of 87,400 shares, the short-interest ratio is currently 2.0 days.

Okeanis Eco Tankers Stock Down 3.8 %

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 firm has a market capitalization of $1.07 billion and a PE ratio of 7.92. The company’s 50-day moving average is $31.88 and its 200-day moving average is $32.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.48 and a quick ratio of 1.23.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings data on Friday, August 9th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $111.99 million for the quarter, compared to analyst estimates of $100.71 million. Sell-side analysts anticipate that Okeanis Eco Tankers will post 3.52 earnings per share for the current year.

Okeanis Eco Tankers Announces Dividend

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

Institutional Trading of Okeanis Eco Tankers

Several hedge funds have recently added to or reduced their stakes in ECO. Susquehanna International Securities Ltd. bought a new stake in Okeanis Eco Tankers in the 1st quarter valued at about $210,000. Marshall Wace LLP bought a new position in Okeanis Eco Tankers during the 2nd quarter worth $247,000. Acadian Asset Management LLC acquired a new position in Okeanis Eco Tankers in the 2nd quarter valued at $370,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Okeanis Eco Tankers during the 2nd quarter valued at $1,767,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Okeanis Eco Tankers during the 2nd quarter worth $2,086,000.

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.