Eastern International Ltd. (NASDAQ:ELOG) Shares Shorted: Short Interest Up 167.5% in September

Eastern International Ltd. (NASDAQ:ELOG) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 221,292 shares, an increase of 167.5% from the September 15th total of 82,724 shares. Based on an average daily trading volume, of 838,681 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.7% of the shares of the stock are sold short.

Insider Activity

In other news, CEO Albert Wong acquired 200,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 200,000 shares of the company’s stock, valued at $200,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eastern International Stock Performance

Shares of ELOG traded up $0.20 during mid-day trading on Monday, reaching $1.01. 8,189,267 shares of the stock traded hands, compared to its average volume of 261,540. Eastern International has a 1 year low of $0.40 and a 1 year high of $3.07. The firm has a fifty day moving average price of $0.68 and a 200 day moving average price of $0.83. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.03.

Eastern International (NASDAQ:ELOG) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $9.22 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Eastern International Company Profile

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.