Eastern International Ltd. (NASDAQ:ELOG) Sees Significant Growth in Short Interest

Eastern International Ltd. (NASDAQ:ELOG – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 82,724 shares, an increase of 1,878.6% from the August 31st total of 4,181 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,100,768 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Eastern International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Research Report on Eastern International

Insider Activity at Eastern International

In other news, CEO Albert Wong acquired 200,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was acquired 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 represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eastern International Stock Down 0.2%

ELOG traded down $0.00 during midday trading on Thursday, hitting $0.49. The company’s stock had a trading volume of 28,208 shares, compared to its average volume of 228,363. The firm has a 50-day moving average price of $0.74 and a two-hundred day moving average price of $0.88. Eastern International has a 52-week low of $0.40 and a 52-week high of $3.07.

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

Eastern International Company Profile

(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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