Euroseas Ltd (NASDAQ:ESEA) Experiences Lighter than Average Trading Volume


43K shares changed hands on Wednesday. Overall, volume was down 86.31% under the stocks normal daily volume.

Traders are a little more bullish on shares of Euroseas Ltd recently if you evaluate the change in short interest. The company saw a fall in short interest of -10.53% as of the latest report on October 13, 2017. Short shares fell 41,238 over that period. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.03% as of October 13.

These funds have shifted positions in (ESEA). As of the end of the quarter Citadel Advisors LLC had disposed of a total of 3,242 shares trimming its stake by 14.8%. The value of the company’s investment in Euroseas Ltd went from $32,000 to $24,000 a change of 25.0% quarter over quarter. Kcg Holdings, Inc. divested its holdings by selling 60,484 shares a decrease of 67.4% from 03/31/2017 to 06/30/2017. Kcg Holdings, Inc. now holds 29,282 shares worth $37,000. The total value of its holdings decreased 71.3%.

As of quarter end Wells Fargo & Company/mn had sold 750 shares trimming its position 83.7%. The value in dollars decreased from $1,000 to $0 a change of $1,000 quarter to quarter. Renaissance Technologies LLC grew its investment by buying 300 shares an increase of 1.8% in the quarter. Renaissance Technologies LLC controls 17,295 shares valued at $29,000. The value of the position overall is up by 31.8%.

On September 13 Maxim Group maintained a stock rating of “Buy” projecting a price of $3.00. Maxim Group updated guidance on ESEA with a rating of “Buy”.

In the market the company is trading down since yesterday’s close of 1.85. The most current P/E ratio is N/A and the market value is 20.56M. In the last earnings report the EPS was $-3.19 with 11.17M shares presently outstanding.

Euroseas Ltd., launched on May 5, 2005, is involved in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Business’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers..