What’s in Top Ships Inc (NASDAQ:TOPS) After Rise in Shorted Shares?

July 14, 2018 - By Anthony Romero

The stock of Top Ships Inc (NASDAQ:TOPS) registered an increase of 1.82% in short interest. TOPS’s total short interest was 1.48M shares in July as published by FINRA. Its up 1.82% from 1.46M 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 0.94% or $0.0091 during the last trading session, reaching $0.9576. About 443,052 shares traded. Top Ships Inc. (NASDAQ:TOPS) has declined 99.96% since July 14, 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 $18.41 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.

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