TOP SHIPS Inc (TOPS) Sees Significant Growth in Short Interest

TOP SHIPS Inc (NASDAQ:TOPS) was the target of a large growth in short interest during the month of 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. Currently, 12.4% of the shares of the company are short sold. Based on an average daily volume of 7,573,375 shares, the short-interest ratio is currently 1.2 days.

Shares of TOP SHIPS (NASDAQ:TOPS) opened at $0.20 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 11.27 and a quick ratio of 0.25. TOP SHIPS has a one year low of $0.18 and a one year high of $89,100.00.

Separately, ValuEngine raised TOP SHIPS from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

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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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