Finance

What Recent Ownership Trends Suggest About Seanergy Maritime (SHIP)’s Future Performance

Recent insider trends for Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. SHIP’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 00.50% of Seanergy Maritime Holdings Corp. (SHIP)’s shares. The total value of these holdings, in millions, is $0. Among active positions in the latest quarter, 5 holders increased their positions by a total of 129826 shares, 6 holders decreased the positions by a total of 446057 shares, and 0 holders held their positions. This works out to a net decrease in ownership of 316231 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 3 holders initiated new positions by a total of 101637 shares and 4 holders exited their positions by a total of 339045 shares. This nets out to a decrease of 237408 shares and is another bearish sign for SHIP.

Insider ownership increased by a total of 0 shares, which suggests that SHIP’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)’s short interest is 1.3 million shares, or 7.26% of the float. This represents an increase of 21% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SHIP is a sell, which implies that SHIP is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is overvalued.

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