Short Interest in Eastern International Ltd. (NASDAQ:ELOG) Grows By 73.0%

Eastern International Ltd. (NASDAQ:ELOGGet Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,181 shares, a growth of 73.0% from the August 15th total of 2,417 shares. Based on an average daily volume of 3,535 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the company’s stock are sold short.

Eastern International Trading Down 4.1%

ELOG traded down $0.02 during trading on Wednesday, hitting $0.57. The company had a trading volume of 16,916 shares, compared to its average volume of 183,953. Eastern International has a one year low of $0.45 and a one year high of $3.07. The firm’s 50-day moving average price is $0.79 and its 200 day moving average price is $0.91.

Eastern International (NASDAQ:ELOGGet Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $9.22 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

View Our Latest Stock Report on Eastern International

About Eastern International

(Get Free Report)

Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.

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