ETS (NASDAQ:ETS) Stock Short Interest Rises 58.5%

ETS (NASDAQ:ETS) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 152,037 shares, a growth of 58.5% from the August 31st total of 95,948 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 834,366 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ETS in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ETS Price Performance

NASDAQ:ETS traded up $0.08 during trading hours on Wednesday, hitting $1.79. The company had a trading volume of 73,961 shares, compared to its average volume of 638,759. The company has a market capitalization of $29.93 million and a PE ratio of -11.19. The stock has a 50-day moving average price of $1.25 and a 200 day moving average price of $0.86. ETS has a 52 week low of $0.39 and a 52 week high of $2.75.

ETS (NASDAQ:ETS) last posted its earnings results on Tuesday, July 14th. The company reported ($0.15) EPS for the quarter. ETS had a negative return on equity of 30.26% and a negative net margin of 157.04%.The company had revenue of $0.73 million during the quarter.

About ETS

Elite Express Holding Inc is a holding company which conducts its operations through its wholly owned subsidiary, JAR Transportation Inc It provides last-mile delivery services, primarily focused on transporting packages from distribution centers to end customers. Elite Express Holding Inc is based in LAGUNA HILLS, Calif.