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

Eastern International Ltd. (NASDAQ:ELOG) saw a large growth in short interest in 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 trading volume of 838,681 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.7% of the shares of the company are short sold.

Eastern International Trading Down 5.7%

ELOG stock traded down $0.09 during trading hours on Wednesday, reaching $1.40. 200,744 shares of the stock were exchanged, compared to its average volume of 280,222. The firm’s 50-day moving average is $0.70 and its 200-day moving average is $0.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.71 and a quick ratio of 1.71. Eastern International has a 12 month low of $0.40 and a 12 month high of $2.83.

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

Insider Buying and Selling at Eastern International

In related news, CEO Albert Wong acquired 200,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $200,000.00. Following the completion of the acquisition, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at approximately $200,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Eastern International 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.