A Reversal for Euroseas Limited Marshall Islands (NASDAQ:ESEA) Is Near. The Stock Has Decrease in Shorts

October 11, 2017 - By Stephen Andrade

 A Reversal for Euroseas Limited Marshall Islands (NASDAQ:ESEA) Is Near. The Stock Has Decrease in Shorts

The stock of Euroseas Limited Marshall Islands (NASDAQ:ESEA) registered a decrease of 5.94% in short interest. ESEA’s total short interest was 484,700 shares in October as published by FINRA. Its down 5.94% from 515,300 shares, reported previously. With 41,300 shares average volume, it will take short sellers 12 days to cover their ESEA’s short positions. The short interest to Euroseas Limited Marshall Islands’s float is 12.44%.

The stock decreased 0.54% or $0.01 on October 10, reaching $1.85. About shares traded. Euroseas Ltd. (NASDAQ:ESEA) has declined 38.57% since October 11, 2016 and is downtrending. It has underperformed by 55.27% the S&P500.

Euroseas Ltd. is engaged in the shipping business. The company has market cap of $20.67 million. The Firm is an owner and operator of drybulk and container carrier vessels and is a well-known provider of seaborne transportation for drybulk and containerized cargoes. It currently has negative earnings. Eurobulk Ltd. manages the Company’s operations.

More notable recent Euroseas Ltd. (NASDAQ:ESEA) news were published by: Hellenicshippingnews.com which released: “Euroseas Ltd. Announces Delivery of Newbuilding Ultramax Drybulk Carrier” on January 17, 2017, also Hellenicshippingnews.com with their article: “Euroseas Ltd. Upgraded By Zacks Investment Research To “BUY”” published on March 06, 2017, Seekingalpha.com published: “Will Euroseas Survive The New Model?” on May 19, 2015. More interesting news about Euroseas Ltd. (NASDAQ:ESEA) were released by: Marketwired.com and their article: “Euroseas Ltd. Announces the Acquisition of Two Container Feeder Vessels plus …” published on September 12, 2017 as well as Marketwired.com‘s news article titled: “Euroseas Ltd. Announces Delivery of Container Feeder Vessel, Declaration of …” with publication date: October 02, 2017.

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