It is currently trading at $1.60 a tad higher than $1.46, the 50 day moving average and just a bit higher than the 200 day moving average of $1.59. The 50 day moving average went up $0.14 or +9.71% whereas the 200 day average was up by +0.61%. (NYSE:DAC) shares saw heavy trading volume with 117K shares changing hands by the end of trading on Tuesday. Volume was up 54.95% over the stocks average daily volume.
Traders are feeling more bullish on shares of the company recently as inferred by the downtick in short interest. The stock realized a fall in short interest between September 29, 2017 and October 13, 2017 of -4.30%. Short interest decreased 19,646 over that period. Days to cover decreased -1.0 to 6.0 and the percentage of shorted shares was 0.00% on October 13.
The following firms have recently changed their position in DAC. Sei Investments Co grew its investment by buying 215 shares an increase of 4.0% in the quarter. Sei Investments Co controls 5,601 shares with a value of $10,000. The value of the position overall is up by 11.1%. Tower Research Capital LLC (trc) bolstered its position by buying 2,184 shares an increase of 400.7% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) currently owns 2,729 shares valued at $5,000. The total value of its holdings increased 400.0%.
As of the end of the quarter Neuberger Berman Group LLC had sold 82,973 shares trimming its position 4.6%. The value of the investment in (DAC) decreased from $3,172,000 to $2,941,000 a change of 7.3% quarter to quarter. Ubs Group Ag augmented its ownership by buying 6,767 shares an increase of 3,697.8%. Ubs Group Ag owns 6,950 shares worth $12,000. The value of the position overall is up by inf%.
In the last earnings report the EPS was $-3.79 and is estimated to be $0.89 for the current year with 109,799,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.22 and the next full year EPS is anticipated to be $0.93.
Danaos Corporation, launched on October 7, 2005, is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Business’s principal business is the acquisition and operation of vessels. It conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Business’s manager is Danaos Shipping Company Limited (Danaos Shipping)..