As of Jun 26, 2018 Seaspan Corporation Seaspan Corporationha (NYSE:SSW) Sellers Reduced Their Shorts By 11.37%

June 26, 2018 - By Sarah Harris

It was noted a decrease on Seaspan Corporation Seaspan Corporationha (NYSE:SSW)’s short interest with 11.37%. FINRA announced short interest of SSW’s total 5.02 million shares. That’s 11.37% down from 5.66M shares. 4 days will cost SSW with 1.40 million average volume to recover its previous position. Float short on Seaspan Corporation Seaspan Corporationha is 8.49%.

Ticker’s shares touched $8.94 during the last trading session after 0.50% change.Currently Seaspan Corporation is uptrending after 47.60% change in last June 26, 2017. SSW has also 46,753 shares volume. The stock outperformed the S&P 500 by 35.03%.

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong.The company has $1.21 billion market cap. The firm charters its containerships under long-term, fixed-rate time charters to various container liner companies.Last it reported negative earnings. As of May 26, 2017, it operated a fleet of 89 containerships.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

In total 5 analysts cover Seaspan (NYSE:SSW). “Buy” rating has 3, “Sell” are 1, while 1 are “Hold”. (NYSE:SSW) has 60% bullish analysts. 8 are the (NYSE:SSW)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. On Friday, March 2 the rating was maintained by Bank of America with “Underperform”. In Friday, May 4 report Citigroup maintained the stock with “Neutral” rating. On Thursday, May 3 the firm has “Buy” rating given by Bank of America. On Monday, March 26 the rating was maintained by Morgan Stanley with “Underweight”. In Monday, February 12 report Morgan Stanley maintained the stock with “Underweight” rating. On Wednesday, January 24 Seaport Global upgraded Seaspan Corporation (NYSE:SSW) to “Buy” rating. On Thursday, March 15 the stock has “Underperform” rating by Bank of America. On Thursday, April 19 the company was upgraded by Deutsche Bank.

More recent Seaspan Corporation (NYSE:SSW) news were released by, and The first one has “Option Premiums Attractive On Hong Kong Shipping Stock” as a title and was released on June 25, 2018. The next is “Market Bias Against Bearish Coverage: Seaspan Case Study” on May 29, 2018. And last was released on June 17, 2018, called “Better Shipping Stock to Buy: Seaspan Corporation vs. Diana Shipping”.

Seaspan Corporation (NYSE:SSW) Analyst Ratings Chart

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