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

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 323,000 shares, a drop of 29.8% from the September 30th total of 459,900 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 126,200 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 126,200 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.4% of the shares of the stock are short sold.

Institutional Trading of Seanergy Maritime

Several large investors have recently modified their holdings of the business. Campbell & CO Investment Adviser LLC acquired a new position in shares of Seanergy Maritime during the 2nd quarter worth approximately $90,000. WMG Financial Advisors LLC purchased a new position in Seanergy Maritime during the second quarter worth $109,000. R Squared Ltd acquired a new position in shares of Seanergy Maritime in the second quarter worth $122,000. Jane Street Group LLC purchased a new stake in shares of Seanergy Maritime in the second quarter valued at $124,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Seanergy Maritime during the first quarter valued at $129,000. 29.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Seanergy Maritime in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.00.

Seanergy Maritime Trading Down 1.3%

Shares of SHIP stock opened at $8.24 on Wednesday. The stock has a market cap of $172.23 million, a P/E ratio of 11.29 and a beta of 0.72. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. Seanergy Maritime has a fifty-two week low of $4.78 and a fifty-two week high of $10.16. The business has a fifty day simple moving average of $8.33 and a 200-day simple moving average of $7.18.

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.