Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Down 33.6% in February

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 284,900 shares, a decline of 33.6% from the January 31st total of 429,100 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 261,900 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Seanergy Maritime

Large investors have recently modified their holdings of the company. MML Investors Services LLC purchased a new stake in shares of Seanergy Maritime during the 3rd quarter worth $383,000. Trueblood Wealth Management LLC purchased a new position in shares of Seanergy Maritime in the 4th quarter valued at about $97,000. PDT Partners LLC acquired a new stake in shares of Seanergy Maritime during the 3rd quarter worth about $194,000. Walleye Capital LLC lifted its stake in Seanergy Maritime by 8.4% during 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 during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in Seanergy Maritime in the third quarter valued at approximately $179,000. 29.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Maxim Group cut their price objective on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd.

Seanergy Maritime Stock Up 0.3 %

Shares of SHIP stock traded up $0.02 during trading hours on Monday, reaching $6.92. 166,858 shares of the stock were exchanged, compared to its average volume of 265,377. The business’s fifty day moving average is $6.97 and its two-hundred day moving average is $8.85. The firm has a market capitalization of $143.24 million, a P/E ratio of 2.96 and a beta of 0.63. Seanergy Maritime has a 12-month low of $6.55 and a 12-month high of $13.19. 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 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.