Short Interest in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Grows By 51.4%

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 429,100 shares, a growth of 51.4% from the January 15th total of 283,500 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 267,800 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Seanergy Maritime

Large investors have recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of Seanergy Maritime by 77.9% during the third quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock valued at $37,000 after buying an additional 1,321 shares during the period. XTX Topco Ltd increased its position in shares of Seanergy Maritime by 3.7% during the third quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company’s stock worth $501,000 after purchasing an additional 1,447 shares in the last quarter. R Squared Ltd purchased a new stake in Seanergy Maritime in the fourth quarter valued at about $25,000. Aigen Investment Management LP purchased a new position in shares of Seanergy Maritime in the 4th quarter valued at approximately $84,000. Finally, Trueblood Wealth Management LLC acquired a new stake in Seanergy Maritime in the 4th quarter worth approximately $97,000. 29.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHIP has been the topic of several research analyst reports. StockNews.com downgraded shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Maxim Group lowered their price objective on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, February 3rd.

Seanergy Maritime Trading Down 0.1 %

SHIP stock traded down $0.01 during midday trading on Thursday, reaching $6.92. The company’s stock had a trading volume of 183,597 shares, compared to its average volume of 221,838. The firm has a market capitalization of $143.24 million, a price-to-earnings ratio of 2.96 and a beta of 0.63. Seanergy Maritime has a 1 year low of $6.55 and a 1 year high of $13.19. The stock has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $9.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99.

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.