Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Up 29.4% in March

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 435,600 shares, an increase of 29.4% from the February 28th total of 336,700 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 229,300 shares, the short-interest ratio is presently 1.9 days.

Analyst Ratings Changes

A number of brokerages recently commented on SHIP. StockNews.com cut Seanergy Maritime from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Maxim Group dropped their target price on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, February 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SHIP. Quarry LP lifted its stake in shares of Seanergy Maritime by 77.9% in the third quarter. Quarry LP now owns 3,017 shares of the shipping company's stock valued at $37,000 after buying an additional 1,321 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Seanergy Maritime during the fourth quarter valued at approximately $25,000. Susquehanna Fundamental Investments LLC purchased a new position in Seanergy Maritime in the fourth quarter worth $70,000. Boothbay Fund Management LLC bought a new position in Seanergy Maritime in the 4th quarter valued at $76,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Seanergy Maritime during the 4th quarter valued at $84,000. 29.36% of the stock is owned by institutional investors and hedge funds.

Seanergy Maritime Trading Down 11.1 %

NASDAQ SHIP traded down $0.64 during mid-day trading on Friday, reaching $5.14. 661,821 shares of the stock were exchanged, compared to its average volume of 262,148. The stock has a 50 day simple moving average of $6.94 and a 200-day simple moving average of $8.22. Seanergy Maritime has a one year low of $5.10 and a one year high of $13.19. The stock has a market cap of $104.72 million, a P/E ratio of 2.20 and a beta of 0.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52.

Seanergy Maritime Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Thursday, March 27th. Seanergy Maritime's payout ratio is 18.96%.

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.