Will Top Ships Inc (NASDAQ:TOPS) Run Out of Steam Soon? Short Interest is Up

June 12, 2018 - By Winifred Garcia

The stock of Top Ships Inc (NASDAQ:TOPS) registered an increase of 1.82% in short interest. TOPS’s total short interest was 1.48 million shares in June as published by FINRA. Its up 1.82% from 1.46 million shares, reported previously. With 655,800 shares average volume, it will take short sellers 2 days to cover their TOPS’s short positions.

The stock decreased 1.75% or $0.02 during the last trading session, reaching $1.12. About 455,799 shares traded. Top Ships Inc. (NASDAQ:TOPS) has declined 99.96% since June 12, 2017 and is downtrending. It has underperformed by 112.53% the S&P500.

Top Ships Inc. provides seaborne transportation services worldwide. The company has market cap of $19.01 million. It owns and operates medium range tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals. It currently has negative earnings. The firm transports petroleum products and crude oil for the oil industry.

More recent Top Ships Inc. (NASDAQ:TOPS) news were published by: Seekingalpha.com which released: “Aegean Marine: Did ‘The Tiger’ Leave Any Flesh On Its Prey?” on June 07, 2018. Also Globenewswire.com published the news titled: “TOP Ships Inc. Announces Interest Rate Swap Agreements” on June 05, 2018. Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: NASDAQ Down Over 1%; AV Homes Shares Spike Higher” with publication date: June 07, 2018 was also an interesting one.

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