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

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 244,800 shares, a decrease of 34.4% from the April 30th total of 373,000 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 161,700 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Okeanis Eco Tankers

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN purchased a new stake in Okeanis Eco Tankers in the fourth quarter valued at approximately $78,000. B. Riley Wealth Advisors Inc. purchased a new stake in Okeanis Eco Tankers in the fourth quarter valued at approximately $213,000. Aristides Capital LLC purchased a new stake in Okeanis Eco Tankers in the fourth quarter valued at approximately $227,000. Citadel Advisors LLC raised its stake in Okeanis Eco Tankers by 21.7% in the fourth quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock valued at $279,000 after purchasing an additional 2,340 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in Okeanis Eco Tankers in the first quarter valued at approximately $440,000.

Okeanis Eco Tankers Price Performance

Shares of Okeanis Eco Tankers stock traded down $0.04 on Monday, reaching $23.29. The stock had a trading volume of 142,331 shares, compared to its average volume of 148,894. Okeanis Eco Tankers has a 1 year low of $17.91 and a 1 year high of $36.69. The company has a market cap of $749.73 million, a P/E ratio of 6.89 and a beta of -0.05. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 1.46. The business's 50 day moving average is $22.41 and its two-hundred day moving average is $22.39.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.12. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. The firm had revenue of $48.60 million for the quarter, compared to the consensus estimate of $46.91 million. As a group, research analysts anticipate that Okeanis Eco Tankers will post 1.34 EPS for the current year.

Okeanis Eco Tankers Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, June 4th will be issued a $0.32 dividend. This represents a dividend yield of 9.52%. The ex-dividend date is Tuesday, June 3rd. Okeanis Eco Tankers's payout ratio is 51.61%.

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.