Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Down 33.6% in February

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 284,900 shares, a decrease of 33.6% from the January 31st total of 429,100 shares. Based on an average daily volume of 261,900 shares, the short-interest ratio is currently 1.1 days. Approximately 2.2% of the company's stock are sold short.

Seanergy Maritime Stock Performance

Seanergy Maritime stock traded up $0.01 on Monday, reaching $6.91. 119,506 shares of the stock were exchanged, compared to its average volume of 265,896. The stock has a market cap of $142.93 million, a PE ratio of 2.95 and a beta of 0.63. The firm has a fifty day moving average price of $6.97 and a two-hundred day moving average price of $8.85. Seanergy Maritime has a twelve month low of $6.55 and a twelve month high of $13.19. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72.

Wall Street Analysts Forecast Growth

SHIP has been the topic of several recent research reports. StockNews.com lowered Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Maxim Group reduced their target price on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a report on Monday, February 3rd.

Hedge Funds Weigh In On Seanergy Maritime

Several large investors have recently made changes to their positions in the business. D.A. Davidson & CO. acquired a new stake in Seanergy Maritime in the 3rd quarter valued at approximately $179,000. Walleye Capital LLC grew its stake in shares of Seanergy Maritime by 8.4% in the third quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company's stock worth $5,966,000 after acquiring an additional 37,288 shares during the last quarter. PDT Partners LLC bought a new position in Seanergy Maritime during the third quarter worth $194,000. Quarry LP raised its stake in Seanergy Maritime by 77.9% during the 3rd quarter. Quarry LP now owns 3,017 shares of the shipping company's stock valued at $37,000 after purchasing an additional 1,321 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in Seanergy Maritime by 3.7% during the 3rd quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company's stock valued at $501,000 after purchasing an additional 1,447 shares during the last quarter. Institutional investors and hedge funds 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.