Eastside Distilling, Inc. (NASDAQ:EAST) Short Interest Update

Eastside Distilling, Inc. (NASDAQ:EAST) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 66,500 shares, a growth of 87.9% from the June 30th total of 35,400 shares. Based on an average trading volume of 88,500 shares, the days-to-cover ratio is presently 0.8 days. Approximately 5.6% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price target on shares of Eastside Distilling from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, April 8th.

Eastside Distilling Trading Down 2.1 %

EAST traded down $0.02 during trading on Friday, reaching $0.94. 15,160 shares of the stock traded hands, compared to its average volume of 80,936. The stock’s 50-day moving average is $1.01 and its 200 day moving average is $1.07. Eastside Distilling has a 12 month low of $0.84 and a 12 month high of $3.59. The company has a quick ratio of 0.09, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $1.61 million, a PE ratio of -0.15 and a beta of 1.72.

Eastside Distilling (NASDAQ:EAST) last released its earnings results on Monday, May 13th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The company had revenue of $2.41 million during the quarter, compared to analyst estimates of $2.72 million. Equities analysts anticipate that Eastside Distilling will post -2.63 earnings per share for the current year.

About Eastside Distilling

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.