Short Interest in Okeanis Eco Tankers Corp. (NYSE:ECO) Declines By 6.1%

Okeanis Eco Tankers Corp. (NYSE:ECO) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 59,900 shares, a decline of 6.1% from the March 15th total of 63,800 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 55,500 shares, the days-to-cover ratio is presently 1.1 days.

Okeanis Eco Tankers Stock Performance

Okeanis Eco Tankers stock traded up $0.08 during midday trading on Wednesday, hitting $30.56. 31,002 shares of the stock were exchanged, compared to its average volume of 40,706. The stock’s 50-day simple moving average is $29.97. Okeanis Eco Tankers has a 52-week low of $20.00 and a 52-week high of $32.46.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $91.67 million during the quarter.

Okeanis Eco Tankers Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 8th.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Okeanis Eco Tankers in a research report on Tuesday. They set a “buy” rating and a $38.00 target price on the stock.

Institutional Investors Weigh In On Okeanis Eco Tankers

Several institutional investors have recently bought and sold shares of the stock. FIL Ltd purchased a new position in shares of Okeanis Eco Tankers during the fourth quarter valued at about $18,159,000. Barclays PLC bought a new position in Okeanis Eco Tankers during the 4th quarter valued at about $3,499,000. Goldman Sachs Group Inc. purchased a new stake in Okeanis Eco Tankers in the fourth quarter worth approximately $1,250,000. Hsbc Holdings PLC bought a new stake in shares of Okeanis Eco Tankers in the fourth quarter worth $804,000. Finally, UBS Group AG purchased a new stake in shares of Okeanis Eco Tankers during the 4th quarter valued at about $781,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.