TOP Ships Inc. (TOPS) Sees Significant Increase in Short Interest
TOP Ships Inc. (NASDAQ:TOPS) was the recipient of 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 trading volume, of 1,882,253 shares, the days-to-cover ratio is presently 0.6 days.
Shares of TOP Ships (TOPS) opened at 0.5999 on Monday. The firm’s 50-day moving average is $0.81 and its 200 day moving average is $138.84. The company’s market capitalization is $86385.60. TOP Ships has a 52 week low of $0.47 and a 52 week high of $151,214.30.
Separately, ValuEngine cut shares of TOP Ships from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
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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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