Seanergy Maritime Holdings Corp (NASDAQ:SHIP) Short Interest Update

Key Points

• Seanergy Maritime Holdings Corp experienced a significant reduction in short interest, decreasing by 44.4% in August, leaving the total at 368,500 shares.
• The company announced a quarterly dividend of $0.05 per share, with a dividend yield of 2.3%, scheduled for payment on October 10th.
• Several institutional investors have recently increased their stakes, with Millennium Management LLC boosting its investment by 46.4%, now owning 570,330 shares.

Seanergy Maritime Holdings Corp (NASDAQ:SHIP - ) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 368,500 shares, a drop of 44.4% from the August 15th total of 663,100 shares. Based on an average daily trading volume, of 117,600 shares, the short-interest ratio is currently 3.1 days. Currently, 2.7% of the shares of the stock are sold short. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 117,600 shares, the short-interest ratio is currently 3.1 days.

Seanergy Maritime Trading Up 0.2%

Shares of NASDAQ:SHIP opened at $8.68 on Friday. Seanergy Maritime has a 1 year low of $4.78 and a 1 year high of $12.65. The firm has a market capitalization of $181.41 million, a price-to-earnings ratio of 11.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.39 and a quick ratio of 0.37. The business's 50 day moving average price is $7.38 and its 200-day moving average price is $6.66.

Seanergy Maritime Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, September 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. Seanergy Maritime's dividend payout ratio (DPR) is 27.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in Seanergy Maritime in the 4th quarter valued at $104,000. BNP Paribas Financial Markets acquired a new stake in shares of Seanergy Maritime in the 4th quarter worth $284,000. Cetera Investment Advisers acquired a new stake in shares of Seanergy Maritime in the 4th quarter worth $207,000. Graham Capital Management L.P. acquired a new stake in shares of Seanergy Maritime in the 4th quarter worth $266,000. Finally, Millennium Management LLC increased its stake in shares of Seanergy Maritime by 46.4% in the 4th quarter. Millennium Management LLC now owns 570,330 shares of the shipping company's stock worth $3,964,000 after acquiring an additional 180,876 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company's stock.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.

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