Eastside Distilling, Inc. (NASDAQ:EAST) Short Interest Up 246.8% in May

Eastside Distilling, Inc. (NASDAQ:EASTGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 80,100 shares, an increase of 246.8% from the April 30th total of 23,100 shares. Based on an average trading volume of 83,500 shares, the short-interest ratio is presently 1.0 days. Approximately 6.4% of the company’s shares are short sold.

Eastside Distilling Stock Up 21.4 %

Eastside Distilling stock traded up $0.21 during trading on Thursday, reaching $1.19. 328,794 shares of the company’s stock were exchanged, compared to its average volume of 128,467. The company’s 50-day moving average is $1.03 and its two-hundred day moving average is $1.10. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.09 and a current ratio of 0.30. Eastside Distilling has a 52-week low of $0.84 and a 52-week high of $8.22. The firm has a market cap of $2.03 million, a price-to-earnings ratio of -0.20 and a beta of 1.72.

Eastside Distilling (NASDAQ:EASTGet Free Report) last announced its earnings results on Monday, April 1st. The company reported ($1.16) earnings per share for the quarter. The firm had revenue of $2.00 million during the quarter, compared to the consensus estimate of $3.68 million. On average, analysts predict that Eastside Distilling will post -2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reduced their price objective on Eastside Distilling from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Monday, April 8th.

Read Our Latest Stock Report on Eastside Distilling

About Eastside Distilling

(Get Free Report)

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.

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