Eastern International Ltd. (NASDAQ:ELOG) Shares Shorted: Short Interest Up 167.5% in September

Eastern International Ltd. (NASDAQ:ELOG – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 221,292 shares, a growth of 167.5% from the September 15th total of 82,724 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 838,681 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on ELOG

Eastern International Stock Performance

Shares of Eastern International stock traded up $0.20 during trading hours on Monday, reaching $1.01. The company had a trading volume of 8,189,267 shares, compared to its average volume of 261,540. Eastern International has a one year low of $0.40 and a one year high of $3.07. The business has a fifty day simple moving average of $0.68 and a 200 day simple moving average of $0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.71 and a quick ratio of 1.71.

Eastern International (NASDAQ:ELOG – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $9.22 million during the quarter.

Insider Buying and Selling at Eastern International

In other Eastern International news, CEO Albert Wong purchased 200,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $1.00 per share, with a total value of $200,000.00. Following the completion of the transaction, the chief executive officer directly owned 200,000 shares in the company, valued at approximately $200,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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.

Further Reading

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