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 increase in short interest in May. As of May 31st, there was short interest totalling 363,700 shares, an increase of 48.6% from the May 15th total of 244,800 shares. Based on an average daily trading volume, of 148,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.9% of the company's stock are sold short.

Okeanis Eco Tankers Stock Down 0.9%

Shares of ECO stock traded down $0.21 during trading hours on Thursday, reaching $24.01. 146,157 shares of the stock were exchanged, compared to its average volume of 154,230. The business's fifty day moving average is $23.03 and its two-hundred day moving average is $22.38. The firm has a market capitalization of $772.75 million, a P/E ratio of 9.68 and a beta of -0.08. Okeanis Eco Tankers has a 12-month low of $17.91 and a 12-month high of $35.64. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.65 and a quick ratio of 1.28.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last issued 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 22.05% and a return on equity of 18.89%. The company had revenue of $48.60 million during the quarter, compared to the consensus estimate of $46.91 million. As a group, research analysts expect that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Okeanis Eco Tankers Announces Dividend

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

Institutional Trading of Okeanis Eco Tankers

A number of hedge funds and other institutional investors have recently bought and sold shares of ECO. SG Americas Securities LLC acquired a new position in shares of Okeanis Eco Tankers during the 1st quarter worth about $4,466,000. Arrowstreet Capital Limited Partnership boosted its holdings in 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 in the last quarter. Citadel Advisors LLC raised its holdings in Okeanis Eco Tankers by 21.7% during the fourth quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock worth $279,000 after purchasing an additional 2,340 shares in the last quarter. Boston Partners purchased a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth approximately $1,231,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Okeanis Eco Tankers during the 4th quarter worth approximately $527,000.

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.