TOP SHIPS Inc (NASDAQ:TOPS) Short Interest Update

Share on StockTwits

TOP SHIPS Inc (NASDAQ:TOPS) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totalling 150,000 shares, a decline of 26.4% from the February 27th total of 203,800 shares. Based on an average trading volume of 5,825,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.5% of the company’s shares are sold short.

An institutional investor recently bought a new position in TOP SHIPS stock. Sabby Management LLC acquired a new stake in TOP SHIPS Inc (NASDAQ:TOPS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 204,227 shares of the shipping company’s stock, valued at approximately $572,000. TOP SHIPS comprises about 0.3% of Sabby Management LLC’s portfolio, making the stock its 21st largest position. Sabby Management LLC owned 2.35% of TOP SHIPS at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.97% of the company’s stock.

Separately, Maxim Group reissued a “buy” rating and issued a $1.50 price objective on shares of TOP SHIPS in a report on Friday, December 20th.

TOP SHIPS stock opened at $0.08 on Friday. The firm has a 50 day simple moving average of $0.36 and a 200-day simple moving average of $1.60. TOP SHIPS has a 1-year low of $0.08 and a 1-year high of $17.75. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.15 and a quick ratio of 0.13.

TOP SHIPS Company Profile

Top Ships Inc owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2018, it had a fleet of two bareboat chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; six 50,000 dwt product/chemical tankers, the M/T Stenaweco Excellence, M/T Nord Valiant, M/T Stenaweco Elegance, the M/T Eco Palm Desert, the M/T Eco California, and the M/T Eco Marina Del Ray; two 50,000 dwt product/chemical tankers, the M/T Eco Holmby Hills and the M/T Palm Springs; and a 157,000 dwt Suezmax vessel M/T Eco Bel Air.

Recommended Story: Analyst Ratings Trading

Receive News & Ratings for TOP SHIPS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TOP SHIPS and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bank of America  PT Lowered to $20.00 at UBS Group
Bank of America PT Lowered to $20.00 at UBS Group
IFM Investors Pty Ltd Sells 5,253 Shares of Walmart Inc
IFM Investors Pty Ltd Sells 5,253 Shares of Walmart Inc
Macquarie Group Ltd. Has $2.83 Million Position in Valero Energy Co.
Macquarie Group Ltd. Has $2.83 Million Position in Valero Energy Co.
Marquette Asset Management LLC Increases Stock Position in Boeing Co
Marquette Asset Management LLC Increases Stock Position in Boeing Co
AT&T Inc.  Shares Sold by IFM Investors Pty Ltd
AT&T Inc. Shares Sold by IFM Investors Pty Ltd
Comerica  Price Target Cut to $31.00
Comerica Price Target Cut to $31.00


© 2006-2020 Ticker Report