Shares last traded at $1.86 which is slightly above $1.74, the 50 day moving average and which is well above the 200 day moving average of $1.43. The 50 day moving average went up $0.12 or +7.04% whereas the 200 day moving average was up $0.43 or +29.94%. Trading volume for Euroseas Ltd. was 2,635 by the end of trading on Tuesday. Volume was down 93.74% under the stocks average daily volume.
Short traders are feeling a little more bullish on shares of the company of late as inferred by the fall in short interest. The firm had a fall in short interest of -9.99% between September 15, 2017 and September 29, 2017. Short interest decreased 43,444 over that period. The short-interest ratio increased to 16.0 and the percentage of shorted shares was 0.04% on September 29.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Morgan Stanley had sold 450 shares trimming its holdings by 81.8%. The value of the investment in ESEA decreased from $1,000 to $0 a change of 100.0% for the reporting period. As of quarter end Renaissance Technologies LLC had disposed of a total of 34,375 shares trimming its stake by 66.9%. The value of the investment in (ESEA) went from $74,000 to $22,000 decreasing 70.3% since the last quarter.
As of quarter end Citadel Advisors LLC had sold 3,242 shares trimming its position 14.8%. The value of the investment in Euroseas Ltd. decreased from $32,000 to $24,000 a change of $8,000 quarter to quarter. As of quarter end Kcg Holdings, Inc. had sold a total of 60,484 shares trimming its position 67.4%. The value in dollars went from $129,000 to $37,000 decreasing 71.3% quarter over quarter.
On August 21, 2017 Maxim Group started covering the stock giving it an initial rating of “Buy”.
In the last earnings report the EPS was $-2.82 and is estimated to be $-0.68 for the current year with 11,173,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.08 and the next full year EPS is projected to be $-0.07.
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..