November 16, 2016 - By Hazel Jackson · 0 Comments
The stock of Seaspan Corporation (NYSE:SSW) registered a decrease of 5.55% in short interest. SSW’s total short interest was 2.26 million shares in November as published by FINRA. Its down 5.55% from 2.39M shares, reported previously. With 588,900 shares average volume, it will take short sellers 4 days to cover their SSW’s short positions. The short interest to Seaspan Corporation’s float is 5.01%. About 856,988 shares traded hands or 22.74% up from the average. Seaspan Corporation (NYSE:SSW) has declined 46.06% since April 14, 2016 and is downtrending. It has underperformed by 50.74% the S&P500.
Seaspan Corporation is an independent charter owner and manager of containerships. The company has a market cap of $1.09 billion. It charters pursuant to long-term, fixed-rate time charters with various container liner companies. It has a 7.45 P/E ratio. It operates a fleet of approximately 90 containerships.
Out of 5 analysts covering Seaspan (NYSE:SSW), 0 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 0 are positive. Seaspan has been the topic of 6 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, November 20 by Wells Fargo. The stock has “Equal Weight” rating given by Barclays Capital on Monday, January 11. On Thursday, November 3 the stock rating was downgraded by Citigroup to “Sell”. The stock has “Underweight” rating given by JP Morgan on Friday, December 18. On Friday, April 1 the stock rating was downgraded by Barclays Capital to “Underweight”. The stock of Seaspan Corporation (NYSE:SSW) has “Hold” rating given on Friday, September 18 by BB&T Capital.
Seaspan Corporation, incorporated on May 3, 2005, is an independent charter owner and manager of containerships. The Firm charters pursuant to long-term, fixed-rate time charters with various container liner companies. The Firm operates a fleet of approximately 90 containerships. The Company’s operating vessels include YM Wish, YM Wellhead, YM Witness, COSCO Glory, MOL Emissary, MOL Efficiency, CSCL Brisbane, Jakarta Express, CSCL Manzanillo and Guayaquil Bridge.
More notable recent Seaspan Corporation (NYSE:SSW) news were published by: Fool.com which released: “Seaspan Corporation Grapples With Overbuilt Cargo Fleets” on November 14, 2016, also Fool.com with their article: “Seaspan Corporation’s Earnings Stay Afloat Despite Customer Bankruptcy” published on November 01, 2016, Fool.com published: “Seaspan Corporation in 6 Charts” on September 23, 2016. More interesting news about Seaspan Corporation (NYSE:SSW) were released by: Fool.com and their article: “Better Buy: Seaspan Corporation vs. Navios Maritime Midstream Partners LP” published on October 19, 2016 as well as Fool.com‘s news article titled: “Seaspan Corporation: One Risk to Watch Closely” with publication date: June 02, 2016.
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By Hazel Jackson