Short Interest in Eastern International Ltd. (NASDAQ:ELOG) Drops By 61.1%

Eastern International Ltd. (NASDAQ:ELOG – Get Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 2,417 shares, a decrease of 61.1% from the July 30th total of 6,208 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,463 shares, the short-interest ratio is currently 0.7 days.

Eastern International Trading Up 6.5%

Shares of Eastern International stock traded up $0.05 during trading hours on Friday, hitting $0.75. 6,587 shares of the company’s stock traded hands, compared to its average volume of 3,383. Eastern International has a 12-month low of $0.70 and a 12-month high of $3.60. The company has a fifty day simple moving average of $0.84 and a 200-day simple moving average of $0.95.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eastern International in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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Eastern International Company Profile

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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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