Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Update

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 283,500 shares, a drop of 24.5% from the December 31st total of 375,500 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily volume of 279,500 shares, the days-to-cover ratio is currently 1.0 days.

Seanergy Maritime Stock Performance

Shares of NASDAQ SHIP traded down $0.09 during midday trading on Friday, hitting $6.93. 132,124 shares of the company’s stock traded hands, compared to its average volume of 214,320. Seanergy Maritime has a 1 year low of $6.55 and a 1 year high of $13.19. The stock has a market capitalization of $143.44 million, a price-to-earnings ratio of 2.96 and a beta of 0.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The firm has a fifty day moving average of $7.23 and a 200 day moving average of $9.23.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. The business had revenue of $44.36 million during the quarter, compared to analysts’ expectations of $42.10 million. During the same quarter in the prior year, the business posted ($0.28) earnings per share. On average, analysts forecast that Seanergy Maritime will post 2.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHIP. Marshall Wace LLP raised its position in shares of Seanergy Maritime by 316.2% during the second quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock valued at $2,107,000 after buying an additional 162,201 shares during the last quarter. Millennium Management LLC lifted its position in Seanergy Maritime by 193.6% in the second quarter. Millennium Management LLC now owns 359,347 shares of the shipping company’s stock worth $3,547,000 after buying an additional 236,941 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Seanergy Maritime in the 2nd quarter worth about $213,000. D.A. Davidson & CO. bought a new position in Seanergy Maritime during the 3rd quarter valued at about $179,000. Finally, Walleye Capital LLC raised its position in Seanergy Maritime by 8.4% in the 3rd quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company’s stock worth $5,966,000 after purchasing an additional 37,288 shares during the period. Hedge funds and other institutional investors own 29.36% of the company’s stock.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.