Euroseas Ltd. (NASDAQ:ESEA) Short Interest Update

Euroseas Ltd. (NASDAQ:ESEA - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 20,400 shares, an increase of 104.0% from the January 31st total of 10,000 shares. Currently, 0.7% of the company's shares are short sold. Based on an average daily volume of 42,100 shares, the short-interest ratio is presently 0.5 days.

Euroseas Trading Down 0.6 %

ESEA stock traded down $0.19 during trading on Wednesday, hitting $33.07. The company had a trading volume of 49,196 shares, compared to its average volume of 37,269. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. Euroseas has a one year low of $30.21 and a one year high of $50.92. The business has a 50-day moving average of $33.75 and a 200-day moving average of $39.20. The stock has a market cap of $231.69 million, a PE ratio of 2.04 and a beta of 0.85.

Euroseas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.65 per share. This is an increase from Euroseas's previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend is Tuesday, March 11th. Euroseas's dividend payout ratio (DPR) is presently 16.10%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Euroseas in the third quarter worth approximately $248,000. Retireful LLC acquired a new stake in shares of Euroseas during the 4th quarter worth approximately $222,000. Exchange Traded Concepts LLC bought a new stake in shares of Euroseas in the 4th quarter valued at $306,000. Sheaff Brock Investment Advisors LLC lifted its position in shares of Euroseas by 25.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 7,810 shares of the shipping company's stock valued at $382,000 after acquiring an additional 1,560 shares during the period. Finally, Barclays PLC boosted its stake in Euroseas by 67.5% during the third quarter. Barclays PLC now owns 623 shares of the shipping company's stock worth $30,000 after acquiring an additional 251 shares in the last quarter. 6.27% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Euroseas from a "hold" rating to a "buy" rating in a report on Monday.

Euroseas Company Profile

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.