Danaos Co. (NYSE:DAC) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,400 shares, a decline of 12.0% from the July 31st total of 5,000 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.
A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Danaos from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Zacks Investment Research upgraded shares of Danaos from a “hold” rating to a “strong-buy” rating and set a $7.75 target price for the company in a research report on Thursday, August 15th.
NYSE DAC traded up $0.22 on Thursday, reaching $7.53. 4,926 shares of the company’s stock traded hands, compared to its average volume of 6,289. The firm has a market cap of $111.38 million, a price-to-earnings ratio of 0.61 and a beta of 1.22. The stock has a 50 day moving average price of $7.43 and a 200-day moving average price of $6.41. Danaos has a fifty-two week low of $6.65 and a fifty-two week high of $23.10. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.51 and a current ratio of 0.55.
Danaos (NYSE:DAC) last posted its earnings results on Monday, August 5th. The shipping company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.14. The company had revenue of $112.32 million during the quarter, compared to the consensus estimate of $106.40 million. Danaos had a net margin of 2.14% and a return on equity of 19.24%. As a group, equities research analysts anticipate that Danaos will post 8.61 EPS for the current fiscal year.
Danaos Company Profile
Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2019, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units in capacity.
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