Eastern International Ltd. (NASDAQ:ELOG) Sees Large Decrease in Short Interest

Eastern International Ltd. (NASDAQ:ELOG) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 2,417 shares, a drop of 61.1% from the July 30th total of 6,208 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,463 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Eastern International in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Eastern International Price Performance

ELOG stock remained flat at $0.70 on Friday. 2,973 shares of the company traded hands, compared to its average volume of 3,551. The stock’s fifty day moving average is $0.84 and its two-hundred day moving average is $0.94. Eastern International has a fifty-two week low of $0.70 and a fifty-two week high of $3.60.

Eastern International (NASDAQ:ELOG) last issued its earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $9.22 million during the quarter.

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.