Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Up 23.7% in July

Okeanis Eco Tankers Corp. (NYSE:ECO) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 30,800 shares, an increase of 23.7% from the June 30th total of 24,900 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 46,800 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, B. Riley boosted their target price on shares of Okeanis Eco Tankers from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, May 17th.

Institutional Investors Weigh In On Okeanis Eco Tankers

Hedge funds have recently modified their holdings of the business. Susquehanna International Securities Ltd. purchased a new stake in shares of Okeanis Eco Tankers in the first quarter valued at about $210,000. Glenorchy Capital Ltd acquired a new stake in Okeanis Eco Tankers during the fourth quarter worth about $678,000. Finally, Hsbc Holdings PLC acquired a new stake in Okeanis Eco Tankers during the fourth quarter worth about $804,000.

Okeanis Eco Tankers Trading Up 0.3 %

NYSE:ECO traded up $0.10 during trading hours on Tuesday, reaching $31.88. 56,832 shares of the company were exchanged, compared to its average volume of 51,261. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.61 and a current ratio of 1.87. The stock has a 50-day moving average of $32.50. The firm has a market cap of $1.03 billion and a price-to-earnings ratio of 7.58. Okeanis Eco Tankers has a twelve month low of $22.00 and a twelve month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Thursday, May 16th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $111.12 million during the quarter, compared to analysts’ expectations of $109.19 million. Okeanis Eco Tankers had a net margin of 32.84% and a return on equity of 31.86%. As a group, research analysts anticipate that Okeanis Eco Tankers will post 4.27 EPS for the current year.

Okeanis Eco Tankers Increases Dividend

The firm also recently announced a — dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were given a $1.10 dividend. This is a boost from Okeanis Eco Tankers’s previous — dividend of $0.66. The ex-dividend date of this dividend was Wednesday, June 5th. Okeanis Eco Tankers’s dividend payout ratio is 105.01%.

About Okeanis Eco Tankers

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.