Eastern International Ltd. (NASDAQ:ELOG) Stock Short Interest Climbs 167.5%

by · The Cerbat Gem

Eastern International Ltd. (NASDAQ:ELOG – Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 221,292 shares, a growth of 167.5% from the September 15th total of 82,724 shares. Based on an average daily volume of 838,681 shares, the short-interest ratio is currently 0.3 days. Currently, 1.7% of the shares of the stock are short sold.

Eastern International Stock Performance

Shares of Eastern International stock traded up $0.36 during trading on Tuesday, reaching $1.37. The company’s stock had a trading volume of 1,918,447 shares, compared to its average volume of 270,634. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.03. Eastern International has a 1-year low of $0.40 and a 1-year high of $2.93. The company has a 50-day simple moving average of $0.68 and a two-hundred day simple moving average of $0.83.

Eastern International (NASDAQ:ELOG – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $9.22 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Eastern International presently has a consensus rating of “Sell”.

Read Our Latest Stock Report on ELOG

Insiders Place Their Bets

In other Eastern International news, CEO Albert Wong bought 200,000 shares of Eastern International stock in a transaction dated Thursday, August 27th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $200,000.00. Following the acquisition, the chief executive officer directly owned 200,000 shares in the company, valued at approximately $200,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

About Eastern International

(Get Free Report)

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.

Featured Articles