Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Sees Significant Decrease in Short Interest

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 389,700 shares, a drop of 26.7% from the May 30th total of 531,700 shares. Approximately 26.0% of the shares of the company are sold short. Based on an average daily trading volume, of 355,400 shares, the short-interest ratio is currently 1.1 days.

Shares of SHIP traded down $0.01 during trading hours on Friday, reaching $0.59. 11,199 shares of the company’s stock traded hands, compared to its average volume of 718,458. The company has a market cap of $1.62 million, a price-to-earnings ratio of -0.10 and a beta of 0.82. Seanergy Maritime has a twelve month low of $0.52 and a twelve month high of $16.35. The stock has a fifty day simple moving average of $0.77.

SHIP has been the topic of several analyst reports. Maxim Group set a $24.00 target price on BioLife Solutions and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. ValuEngine lowered ENN ENERGY HOLD/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, Noble Financial lowered Seanergy Maritime to a “buy” rating and set a $2.00 price target on the stock. in a report on Monday, July 1st.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

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