Short Interest in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Grows By 18.2%

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 336,700 shares, a growth of 18.2% from the February 13th total of 284,900 shares. Based on an average daily trading volume, of 236,700 shares, the short-interest ratio is presently 1.4 days. Currently, 2.6% of the shares of the stock are short sold.

Seanergy Maritime Trading Down 2.6 %

SHIP traded down $0.19 during trading on Friday, hitting $7.07. 258,765 shares of the stock traded hands, compared to its average volume of 261,459. The firm has a market capitalization of $144.04 million, a P/E ratio of 3.02 and a beta of 0.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52. The firm has a 50-day moving average of $7.02 and a 200 day moving average of $8.43. Seanergy Maritime has a 12-month low of $6.55 and a 12-month high of $13.19.

Seanergy Maritime Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.40 annualized dividend and a yield of 5.66%. Seanergy Maritime's payout ratio is currently 18.96%.

Institutional Investors Weigh In On Seanergy Maritime

Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new position in Seanergy Maritime during the 3rd quarter valued at about $179,000. Walleye Capital LLC lifted its position in Seanergy Maritime by 8.4% during the 3rd quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company's stock valued at $5,966,000 after acquiring an additional 37,288 shares during the period. PDT Partners LLC purchased a new position in Seanergy Maritime during the 3rd quarter valued at about $194,000. Quarry LP raised its holdings in Seanergy Maritime by 77.9% in the third quarter. Quarry LP now owns 3,017 shares of the shipping company's stock worth $37,000 after buying an additional 1,321 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in Seanergy Maritime by 3.7% in the third quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company's stock worth $501,000 after buying an additional 1,447 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Maxim Group decreased their price target on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a report on Monday, February 3rd.

Seanergy Maritime Company Profile

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.