Short Interest in Okeanis Eco Tankers Corp. (NYSE:ECO) Declines By 6.1%

Okeanis Eco Tankers Corp. (NYSE:ECO) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 59,900 shares, a decrease of 6.1% from the March 15th total of 63,800 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 55,500 shares, the days-to-cover ratio is currently 1.1 days.

Okeanis Eco Tankers Stock Performance

Shares of ECO stock opened at $30.60 on Thursday. Okeanis Eco Tankers has a fifty-two week low of $20.00 and a fifty-two week high of $32.46. The firm’s 50 day simple moving average is $30.02.

Okeanis Eco Tankers (NYSE:ECO) last posted its earnings results on Thursday, February 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $91.67 million for the quarter.

Okeanis Eco Tankers Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wexford Capital LP bought a new position in Okeanis Eco Tankers in the 4th quarter worth about $236,000. Glenorchy Capital Ltd purchased a new stake in shares of Okeanis Eco Tankers in the 4th quarter valued at approximately $678,000. UBS Group AG purchased a new stake in shares of Okeanis Eco Tankers in the 4th quarter valued at approximately $781,000. Hsbc Holdings PLC purchased a new stake in shares of Okeanis Eco Tankers in the 4th quarter valued at approximately $804,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Okeanis Eco Tankers in the 4th quarter valued at approximately $1,250,000.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on Okeanis Eco Tankers in a research note on Tuesday. They issued a “buy” rating and a $38.00 price objective on the stock.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.