Short Interest in Okeanis Eco Tankers Corp. (NYSE:ECO) Rises By 48.6%

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 363,700 shares, a growth of 48.6% from the May 15th total of 244,800 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily volume of 148,000 shares, the days-to-cover ratio is presently 2.5 days.

Okeanis Eco Tankers Trading Down 3.1%

NYSE:ECO traded down $0.74 during trading hours on Monday, hitting $23.43. 204,888 shares of the stock were exchanged, compared to its average volume of 153,352. The company's 50 day moving average is $22.69 and its two-hundred day moving average is $22.33. The company has a market capitalization of $754.31 million, a P/E ratio of 6.93 and a beta of -0.08. Okeanis Eco Tankers has a twelve month low of $17.91 and a twelve month high of $35.64. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 1.46.

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

Okeanis Eco Tankers Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.32 per share. This represents a dividend yield of 9.52%. The ex-dividend date of this dividend was Tuesday, June 3rd. Okeanis Eco Tankers's payout ratio is 51.61%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ECO. Semmax Financial Advisors Inc. increased its holdings in Okeanis Eco Tankers by 210.9% in the first quarter. Semmax Financial Advisors Inc. now owns 122,529 shares of the company's stock valued at $2,906,000 after purchasing an additional 83,122 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Okeanis Eco Tankers by 56.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company's stock valued at $3,328,000 after purchasing an additional 54,528 shares during the period. Energy Income Partners LLC lifted its position in Okeanis Eco Tankers by 84.6% in the 1st quarter. Energy Income Partners LLC now owns 51,189 shares of the company's stock valued at $1,131,000 after acquiring an additional 23,452 shares in the last quarter. Boston Partners increased its holdings in Okeanis Eco Tankers by 23.9% during the 1st quarter. Boston Partners now owns 71,731 shares of the company's stock worth $1,585,000 after purchasing an additional 13,842 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Okeanis Eco Tankers in the 1st quarter valued at about $440,000.

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.

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