Eastern International Ltd. (NASDAQ:ELOG) Short Interest Up 73.0% in August

Eastern International Ltd. (NASDAQ:ELOG) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,181 shares, an increase of 73.0% from the August 15th total of 2,417 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,535 shares, the days-to-cover ratio is currently 1.2 days.

Eastern International Stock Down 3.1%

Shares of Eastern International stock opened at $0.53 on Friday. Eastern International has a fifty-two week low of $0.45 and a fifty-two week high of $3.07. The company has a fifty day moving average of $0.78 and a 200 day moving average of $0.90.

Eastern International (NASDAQ:ELOG) last posted its quarterly 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.