Eastern International Ltd. (NASDAQ:ELOG) Short Interest Down 61.1% in August

Eastern International Ltd. (NASDAQ:ELOG) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,417 shares, a decrease of 61.1% from the July 30th total of 6,208 shares. Based on an average trading volume of 3,463 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Eastern International Price Performance

Shares of NASDAQ:ELOG remained flat at $0.70 during midday trading on Friday. The stock had a trading volume of 2,973 shares, compared to its average volume of 3,551. Eastern International has a 12 month low of $0.70 and a 12 month high of $3.60. The stock has a fifty day moving average of $0.84 and a 200 day moving average of $0.94.

Eastern International (NASDAQ:ELOG) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $9.22 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eastern International in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Eastern International Company Profile

Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.