Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Update

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 259,000 shares, a decrease of 18.4% from the March 31st total of 317,400 shares. Currently, 4.9% of the company's stock are short sold. Based on an average daily volume of 197,800 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price target on Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th.

Hedge Funds Weigh In On Okeanis Eco Tankers

A number of institutional investors have recently modified their holdings of ECO. FIL Ltd raised its holdings in Okeanis Eco Tankers by 1.3% in the 4th quarter. FIL Ltd now owns 611,929 shares of the company's stock worth $12,439,000 after acquiring an additional 8,053 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Okeanis Eco Tankers by 70.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 507,495 shares of the company's stock valued at $10,579,000 after purchasing an additional 209,260 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Okeanis Eco Tankers in the first quarter worth about $4,466,000. Boston Partners acquired a new position in shares of Okeanis Eco Tankers during the 4th quarter worth about $1,231,000. Finally, Walleye Capital LLC bought a new stake in Okeanis Eco Tankers during the 4th quarter valued at approximately $1,144,000.

Okeanis Eco Tankers Stock Up 0.7 %

Shares of Okeanis Eco Tankers stock traded up $0.17 during midday trading on Friday, reaching $23.90. 131,692 shares of the company's stock traded hands, compared to its average volume of 143,273. The company has a market cap of $769.37 million, a price-to-earnings ratio of 7.07 and a beta of -0.05. Okeanis Eco Tankers has a 52 week low of $17.91 and a 52 week high of $36.69. The company's 50 day simple moving average is $21.53 and its 200 day simple moving average is $22.81. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.19. The company had revenue of $85.19 million for the quarter, compared to analyst estimates of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.40% and a net margin of 27.68%. Equities analysts expect that Okeanis Eco Tankers will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 5.86%. Okeanis Eco Tankers's dividend payout ratio (DPR) is presently 41.42%.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.