Okeanis Eco Tankers Corp. (NYSE:ECO) Sees Large Growth in Short Interest

Okeanis Eco Tankers Corp. (NYSE:ECO) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 363,700 shares, a growth of 48.6% from the May 15th total of 244,800 shares. Based on an average daily trading volume, of 148,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.9% of the shares of the company are short sold.

Okeanis Eco Tankers Stock Performance

ECO stock opened at $24.20 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.28 and a current ratio of 1.65. The stock has a market capitalization of $779.03 million, a price-to-earnings ratio of 9.76 and a beta of -0.08. Okeanis Eco Tankers has a 1 year low of $17.91 and a 1 year high of $35.64. The stock’s fifty day moving average is $22.86 and its two-hundred day moving average is $22.35.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Wednesday, May 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. The company had revenue of $48.60 million for the quarter, compared to analysts’ expectations of $46.91 million. Okeanis Eco Tankers had a return on equity of 18.89% and a net margin of 22.05%. On average, research analysts predict that Okeanis Eco Tankers will post 1.34 EPS for the current year.

Okeanis Eco Tankers Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.32 per share. This represents a dividend yield of 9.52%. The ex-dividend date of this dividend was Tuesday, June 3rd. Okeanis Eco Tankers’s dividend payout ratio (DPR) is 51.61%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECO. Wells Fargo & Company MN acquired a new position in shares of Okeanis Eco Tankers during the fourth quarter valued at $78,000. B. Riley Wealth Advisors Inc. acquired a new position in Okeanis Eco Tankers during the fourth quarter worth about $213,000. Aristides Capital LLC bought a new stake in Okeanis Eco Tankers in the fourth quarter worth about $227,000. Citadel Advisors LLC raised its position in Okeanis Eco Tankers by 21.7% in the fourth quarter. Citadel Advisors LLC now owns 13,108 shares of the company’s stock worth $279,000 after acquiring an additional 2,340 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in Okeanis Eco Tankers in the first quarter worth about $440,000.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.