Short Interest in EACO Corp. (OTCMKTS:EACO) Drops By 66.7%
by Mitch Edgeman · The Markets DailyEACO Corp. (OTCMKTS:EACO – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1 shares, a drop of 66.7% from the May 31st total of 3 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 116 shares, the days-to-cover ratio is currently 0.0 days.
EACO Price Performance
Shares of EACO stock opened at $85.23 on Tuesday. The stock’s 50-day simple moving average is $98.68 and its 200-day simple moving average is $90.00. EACO has a 52 week low of $42.00 and a 52 week high of $110.00. The company has a market capitalization of $414.22 million, a price-to-earnings ratio of 11.07 and a beta of 0.30. The company has a quick ratio of 1.86, a current ratio of 3.54 and a debt-to-equity ratio of 0.02.
EACO (OTCMKTS:EACO – Get Free Report) last released its quarterly earnings data on Thursday, April 2nd. The financial services provider reported $2.00 earnings per share for the quarter. EACO had a return on equity of 23.50% and a net margin of 8.16%.The firm had revenue of $117.84 million during the quarter.
About EACO
EACO Corporation, through its subsidiary, Bisco Industries, Inc, distributes and sells electronic components and fasteners in the United States, Asia, Canada, and internationally. It offers electronic components, such as spacers and standoffs, card guides and ejectors, component holders and fuses, circuit board connectors, and cable components, as well as various fasteners and hardware products. The company also provides customized services and solutions for various production needs, including special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, integrated supply programs, and others.