TOP Ships Inc. (TOPS) Short Interest Up 95.1% in September
TOP Ships Inc. (NASDAQ:TOPS) saw a significant growth in short interest during the month of September. As of September 29th, there was short interest totalling 1,104,400 shares, a growth of 95.1% from the September 15th total of 566,021 shares. Based on an average daily volume of 1,882,253 shares, the short-interest ratio is presently 0.6 days.
Shares of TOP Ships (NASDAQ TOPS) opened at 0.5229 on Friday. TOP Ships has a 12-month low of $0.47 and a 12-month high of $151,214.30. The stock has a 50 day moving average of $0.88 and a 200-day moving average of $166.85. The firm’s market capitalization is $75297.60.
Separately, ValuEngine downgraded shares of TOP Ships from a “hold” rating to a “sell” rating in a report on Friday, September 1st.
About TOP Ships
Top Ships Inc is an international provider of oil, petroleum products and chemicals transportation services. The Company owns and operates eco medium range (MR) tanker vessels focusing on the transportation of crude oil, petroleum products (clean and dirty) and bulk liquid chemicals. The Company’s fleet includes over two chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the Motor Tanker (M/T) Stenaweco Energy and the M/T Stenaweco Evolution; approximately two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution, and over two 50,000 dwt product/chemical tankers scheduled for delivery from Hyundai Dockyard.
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