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

TOP SHIPS Inc (NASDAQ:TOPS) was the recipient of a large growth in short interest during the month of January. As of January 12th, there was short interest totalling 8,416,880 shares, a growth of 28.5% from the December 29th total of 6,547,587 shares. Approximately 55.4% of the shares of the stock are sold short. Based on an average daily volume of 7,990,813 shares, the short-interest ratio is presently 1.1 days.

TOP SHIPS (NASDAQ:TOPS) opened at $0.21 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.25 and a current ratio of 11.27. The stock has a market capitalization of $12.00, a P/E ratio of 0.00 and a beta of 1.10. TOP SHIPS has a 12-month low of $0.18 and a 12-month high of $89,108.40.

Separately, ValuEngine upgraded TOP SHIPS from a “sell” rating to a “hold” rating in a research report 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....

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