Eastern International Ltd. (NASDAQ:ELOG) Stock Short Interest Climbs 167.5%

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

Eastern International Stock Performance

Shares of Eastern International stock traded up $0.36 during trading on Tuesday, reaching $1.37. The company’s stock had a trading volume of 1,918,447 shares, compared to its average volume of 270,634. 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 has a 1-year low of $0.40 and a 1-year high of $2.93. The company has a 50-day simple moving average of $0.68 and a two-hundred day simple moving average of $0.83.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Eastern International presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other Eastern International news, CEO Albert Wong bought 200,000 shares of Eastern International stock in a transaction dated Thursday, August 27th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $200,000.00. Following the acquisition, the chief executive officer directly owned 200,000 shares in the company, valued at approximately $200,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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.