Eastern International Ltd. (NASDAQ:ELOG) Shares Shorted: Short Interest Up 1,878.6% in September

Eastern International Ltd. (NASDAQ:ELOG) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 82,724 shares, a growth of 1,878.6% from the August 31st total of 4,181 shares. Based on an average trading volume of 1,100,768 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s shares are short sold.

Eastern International Stock Performance

NASDAQ ELOG opened at $0.49 on Friday. Eastern International has a fifty-two week low of $0.40 and a fifty-two week high of $3.07. The business has a 50 day moving average price of $0.74 and a two-hundred day moving average price of $0.88.

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Eastern International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eastern International has an average rating of “Sell”.

Insider Activity at Eastern International

In other Eastern International news, CEO Albert Wong bought 200,000 shares of Eastern International stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $1.00 per share, for a total transaction of $200,000.00. Following the acquisition, the chief executive officer owned 200,000 shares of the company’s stock, valued at $200,000. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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.