Eastern International Ltd. (NASDAQ:ELOG – Get Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,448 shares, a decrease of 60.4% from the June 15th total of 13,764 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 24,732 shares, the days-to-cover ratio is presently 0.2 days.
Eastern International Trading Down 6.0%
Eastern International stock traded down $0.05 during midday trading on Tuesday, reaching $0.82. 2,035 shares of the stock were exchanged, compared to its average volume of 155,231. The firm has a fifty day simple moving average of $0.91. Eastern International has a 52 week low of $0.80 and a 52 week high of $3.60.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Eastern International from a “sell (e)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
About Eastern International
Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.
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