Short Interest in Eastside Distilling, Inc. (NASDAQ:EAST) Grows By 41.3%

Eastside Distilling, Inc. (NASDAQ:EAST) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 69,400 shares, a growth of 41.3% from the August 15th total of 49,100 shares. Based on an average daily trading volume, of 2,320,000 shares, the short-interest ratio is currently 0.0 days. Currently, 5.4% of the company’s stock are sold short.

Eastside Distilling Stock Down 5.3 %

EAST traded down $0.03 during trading on Monday, hitting $0.60. The company had a trading volume of 201,491 shares, compared to its average volume of 931,933. The company has a market capitalization of $1.05 million, a PE ratio of -0.11 and a beta of 1.78. The company has a quick ratio of 0.11, a current ratio of 0.29 and a debt-to-equity ratio of 3.17. Eastside Distilling has a one year low of $0.58 and a one year high of $2.98. The firm’s 50-day moving average price is $0.90 and its 200 day moving average price is $1.00.

Eastside Distilling (NASDAQ:EAST) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.82) by ($0.05). The firm had revenue of $3.06 million during the quarter, compared to analyst estimates of $2.58 million. Eastside Distilling had a negative net margin of 66.06% and a negative return on equity of 2,066.36%. During the same period in the prior year, the business earned ($1.96) EPS. As a group, equities analysts expect that Eastside Distilling will post -2.63 earnings per share for the current year.

Eastside Distilling Company Profile

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.