TOP SHIPS Inc (NASDAQ:TOPS) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 9,456,740 shares, a growth of 12.4% from the January 12th total of 8,416,880 shares. Based on an average daily trading volume, of 7,573,375 shares, the short-interest ratio is presently 1.2 days. Currently, 12.4% of the company’s shares are sold short.
Separately, ValuEngine upgraded TOP SHIPS from a “sell” rating to a “hold” rating in a report on Friday, December 1st.
TOP SHIPS (TOPS) opened at $0.20 on Wednesday. TOP SHIPS has a twelve month low of $0.18 and a twelve month high of $59,040.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.25 and a current ratio of 11.27.
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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