Okeanis Eco Tankers Corp. (NYSE:ECO) Short Interest Update

Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 317,400 shares, a growth of 38.5% from the March 15th total of 229,100 shares. Based on an average trading volume of 231,000 shares, the short-interest ratio is currently 1.4 days. Currently, 6.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, B. Riley cut their target price on Okeanis Eco Tankers from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.

Hedge Funds Weigh In On Okeanis Eco Tankers

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Okeanis Eco Tankers during the first quarter worth about $4,466,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Okeanis Eco Tankers during the 4th quarter worth approximately $213,000. Citadel Advisors LLC raised its stake in shares of Okeanis Eco Tankers by 21.7% during the 4th quarter. Citadel Advisors LLC now owns 13,108 shares of the company's stock worth $279,000 after buying an additional 2,340 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Okeanis Eco Tankers by 25.9% in the 4th quarter. Bank of America Corp DE now owns 23,307 shares of the company's stock valued at $496,000 after buying an additional 4,798 shares during the period. Finally, PDT Partners LLC boosted its stake in shares of Okeanis Eco Tankers by 6.2% in the fourth quarter. PDT Partners LLC now owns 21,504 shares of the company's stock valued at $457,000 after buying an additional 1,250 shares in the last quarter.

Okeanis Eco Tankers Stock Performance

Shares of ECO traded up $0.33 during mid-day trading on Thursday, reaching $22.34. 55,370 shares of the company's stock were exchanged, compared to its average volume of 214,710. The business's fifty day simple moving average is $21.46 and its 200-day simple moving average is $23.46. The stock has a market capitalization of $719.21 million, a PE ratio of 6.61 and a beta of 0.04. Okeanis Eco Tankers has a 52-week low of $17.91 and a 52-week high of $36.69. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.64 and a quick ratio of 1.34.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.19. The business had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 million. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. On average, equities research analysts expect that Okeanis Eco Tankers will post 1.34 earnings per share for the current year.

Okeanis Eco Tankers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Monday, March 3rd. Okeanis Eco Tankers's dividend payout ratio is presently 41.42%.

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.