Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Update

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) saw a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 9,600 shares, a decrease of 87.2% from the July 15th total of 75,200 shares. Based on an average trading volume of 495,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.6% of the shares of the stock are sold short.

SHIP has been the topic of a number of research reports. ValuEngine upgraded shares of Seanergy Maritime from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Maxim Group reiterated a “buy” rating and issued a $4.00 target price (down from $10.00) on shares of Seanergy Maritime in a report on Wednesday, May 22nd. Zacks Investment Research downgraded shares of Seanergy Maritime from a “buy” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, Noble Financial set a $2.00 target price on shares of Seanergy Maritime and gave the stock a “buy” rating in a report on Wednesday, August 7th.

Shares of NASDAQ SHIP traded up $0.02 during midday trading on Wednesday, reaching $0.59. The company’s stock had a trading volume of 272,767 shares, compared to its average volume of 258,483. The company has a current ratio of 0.27, a quick ratio of 0.21 and a debt-to-equity ratio of 5.76. The company has a 50 day moving average price of $0.58 and a 200 day moving average price of $1.55. Seanergy Maritime has a one year low of $0.50 and a one year high of $16.35. The company has a market cap of $14.39 million, a price-to-earnings ratio of -0.11 and a beta of 0.85.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported ($0.98) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.29). Seanergy Maritime had a negative net margin of 27.56% and a negative return on equity of 81.41%. The firm had revenue of $18.76 million for the quarter, compared to analyst estimates of $19.27 million. Research analysts anticipate that Seanergy Maritime will post -1.3 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley acquired a new stake in shares of Seanergy Maritime during the second quarter valued at approximately $27,000. Anson Funds Management LP acquired a new stake in shares of Seanergy Maritime during the second quarter valued at approximately $163,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Seanergy Maritime during the second quarter valued at approximately $261,000. Institutional investors and hedge funds own 0.46% of the company’s stock.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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