Eastside Distilling, Inc. (NASDAQ:EAST) Short Interest Update

Eastside Distilling, Inc. (NASDAQ:EAST) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 32,700 shares, an increase of 12.0% from the February 29th total of 29,200 shares. Based on an average daily trading volume, of 145,600 shares, the short-interest ratio is presently 0.2 days. Approximately 3.0% of the shares of the company are short sold.

Institutional Trading of Eastside Distilling

A hedge fund recently raised its stake in Eastside Distilling stock. Renaissance Technologies LLC lifted its stake in Eastside Distilling, Inc. (NASDAQ:EAST) by 51.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,570 shares of the company’s stock after acquiring an additional 38,000 shares during the period. Renaissance Technologies LLC owned 0.72% of Eastside Distilling worth $31,000 as of its most recent filing with the Securities and Exchange Commission. 0.58% of the stock is currently owned by institutional investors.

Eastside Distilling Price Performance

NASDAQ EAST opened at $0.98 on Wednesday. Eastside Distilling has a 52 week low of $0.90 and a 52 week high of $8.22. The company has a current ratio of 1.43, a quick ratio of 0.54 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.53 million, a price-to-earnings ratio of -0.06 and a beta of 1.78. The company has a 50-day moving average price of $1.11 and a two-hundred day moving average price of $1.24.

About Eastside Distilling

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.