Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 429,100 shares, a growth of 51.4% from the January 15th total of 283,500 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 267,800 shares, the short-interest ratio is currently 1.6 days.
Seanergy Maritime Stock Performance
SHIP stock traded up $0.08 during midday trading on Monday, reaching $7.00. 313,089 shares of the company's stock traded hands, compared to its average volume of 218,783. Seanergy Maritime has a 52-week low of $6.55 and a 52-week high of $13.19. The stock has a market cap of $144.90 million, a P/E ratio of 2.99 and a beta of 0.63. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The stock's 50-day moving average is $6.99 and its 200 day moving average is $9.03.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on SHIP. Maxim Group reduced their target price on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a report on Monday, February 3rd. StockNews.com cut shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th.
Read Our Latest Research Report on Seanergy Maritime
Institutional Trading of Seanergy Maritime
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHIP. MML Investors Services LLC purchased a new stake in shares of Seanergy Maritime in the third quarter worth $383,000. Trueblood Wealth Management LLC purchased a new stake in shares of Seanergy Maritime in the fourth quarter worth $97,000. PDT Partners LLC purchased a new stake in shares of Seanergy Maritime in the third quarter worth $194,000. Walleye Capital LLC increased 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 purchasing an additional 37,288 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Seanergy Maritime during the third quarter worth $179,000. 29.36% of the stock is owned by hedge funds and other institutional investors.
About Seanergy Maritime
(
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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.
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