Today’s Shorts Alert: What’s Next for Top Ships Incorporated (NASDAQ:TOPS) After Having Less Shares Shorted?

November 17, 2016 - By Pete Kolinski   ·   0 Comments

Today's Shorts Alert: What's Next for Top Ships Incorporated (NASDAQ:TOPS) After Having Less Shares Shorted?

The stock of Top Ships Incorporated (NASDAQ:TOPS) registered a decrease of 23.27% in short interest. TOPS’s total short interest was 257,800 shares in November as published by FINRA. Its down 23.27% from 336,000 shares, reported previously. With 446,000 shares average volume, it will take short sellers 1 days to cover their TOPS’s short positions. The short interest to Top Ships Incorporated’s float is 40.11%. About 3.60 million shares traded hands or 213.04% up from the average. TOP SHIPS Inc (NASDAQ:TOPS) has risen 191.39% since April 15, 2016 and is uptrending. It has outperformed by 186.76% the S&P500.

Top Ships Inc. is an international provider of oil, petroleum products and chemicals transportation services. The company has a market cap of $39.31 million. The Firm owns and operates eco medium range tanker vessels focusing on the transportation of crude oil, petroleum products (clean and dirty) and bulk liquid chemicals. It currently has negative earnings. 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.

TOPS Company Profile

Top Ships Inc., incorporated on January 10, 2000, is an international well-known provider of oil, petroleum products and chemicals transportation services. The Firm 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.

More recent TOP SHIPS Inc (NASDAQ:TOPS) news were published by: Globenewswire.com which released: “TOP Ships Inc. Announces Interim Financial Results for Period Ended June 30, 2016” on July 29, 2016. Also Globenewswire.com published the news titled: “TOP Ships Inc. Announces Delivery of Sixth Newbuilding Vessel and Completion …” on August 10, 2016. Globenewswire.com‘s news article titled: “TOP Ships Inc. Announces Corporate Developments” with publication date: February 01, 2016 was also an interesting one.

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By Pete Kolinski


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