Eastern International Ltd. (NASDAQ:ELOG) Short Interest Down 61.1% in August

Eastern International Ltd. (NASDAQ:ELOG) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,417 shares, a drop of 61.1% from the July 30th total of 6,208 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,463 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Eastern International in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Eastern International Price Performance

Shares of NASDAQ ELOG traded up $0.05 during mid-day trading on Friday, hitting $0.75. The company had a trading volume of 6,587 shares, compared to its average volume of 3,383. Eastern International has a 1 year low of $0.70 and a 1 year high of $3.60. The stock’s 50-day moving average price is $0.84 and its 200-day moving average price is $0.95.

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

About Eastern International

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.