Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Update

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 283,500 shares, a decline of 24.5% from the December 31st total of 375,500 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 279,500 shares, the short-interest ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 13th.

Seanergy Maritime Stock Up 1.0 %

Shares of NASDAQ:SHIP opened at $7.02 on Friday. The firm has a market cap of $145.31 million, a P/E ratio of 3.00 and a beta of 0.65. Seanergy Maritime has a 12-month low of $6.55 and a 12-month high of $13.19. The business has a fifty day simple moving average of $7.25 and a 200 day simple moving average of $9.25. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. The company had revenue of $44.36 million during the quarter, compared to the consensus estimate of $42.10 million. During the same period last year, the company earned ($0.28) earnings per share. Analysts predict that Seanergy Maritime will post 2.1 earnings per share for the current year.

Institutional Investors Weigh In On Seanergy Maritime

Institutional investors have recently modified their holdings of the company. Marshall Wace LLP boosted its position in Seanergy Maritime by 316.2% during the second quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock valued at $2,107,000 after acquiring an additional 162,201 shares during the last quarter. Millennium Management LLC boosted its position in shares of Seanergy Maritime by 193.6% during the 2nd quarter. Millennium Management LLC now owns 359,347 shares of the shipping company’s stock valued at $3,547,000 after purchasing an additional 236,941 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Seanergy Maritime during the 2nd quarter valued at about $213,000. D.A. Davidson & CO. acquired a new stake in Seanergy Maritime during the third quarter worth approximately $179,000. Finally, Walleye Capital LLC increased its holdings in 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. 29.36% of the stock is owned by institutional investors.

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.