Eastern International Ltd. (NASDAQ:ELOG) Sees Significant Growth in Short Interest

Eastern International Ltd. (NASDAQ:ELOG – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 82,724 shares, an increase of 1,878.6% from the August 31st total of 4,181 shares. Based on an average trading volume of 1,100,768 shares, the short-interest ratio is presently 0.1 days. Approximately 0.6% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings cut Eastern International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Eastern International presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on ELOG

Eastern International Stock Performance

Shares of ELOG stock traded down $0.00 during mid-day trading on Thursday, reaching $0.49. The company’s stock had a trading volume of 28,208 shares, compared to its average volume of 228,363. The company’s 50 day simple moving average is $0.74 and its 200-day simple moving average is $0.88. Eastern International has a 12-month low of $0.40 and a 12-month high of $3.07.

Eastern International (NASDAQ:ELOG – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $9.22 million for the quarter.

Insider Buying and Selling

In other news, CEO Albert Wong purchased 200,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $1.00 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at $200,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Eastern International Company Profile

(Get Free Report)

Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.

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