ETS (NASDAQ:ETS) Stock Short Interest Rises 58.5%

ETS (NASDAQ:ETS) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 152,037 shares, an increase of 58.5% from the August 31st total of 95,948 shares. Based on an average trading volume of 834,366 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s stock are sold short.

ETS Price Performance

ETS stock traded up $0.08 on Wednesday, reaching $1.79. 73,961 shares of the company traded hands, compared to its average volume of 638,759. The firm has a fifty day simple moving average of $1.25 and a 200-day simple moving average of $0.86. The company has a market cap of $29.93 million and a P/E ratio of -11.19. ETS has a one year low of $0.39 and a one year high of $2.75.

ETS (NASDAQ:ETS) last released its earnings results on Tuesday, July 14th. The company reported ($0.15) EPS for the quarter. ETS had a negative return on equity of 30.26% and a negative net margin of 157.04%.The company had revenue of $0.73 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ETS in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, ETS has an average rating of “Sell”.

About ETS

Elite Express Holding Inc is a holding company which conducts its operations through its wholly owned subsidiary, JAR Transportation Inc It provides last-mile delivery services, primarily focused on transporting packages from distribution centers to end customers. Elite Express Holding Inc is based in LAGUNA HILLS, Calif.