ETS (NASDAQ:ETS) Sees Significant Increase in Short Interest

ETS (NASDAQ:ETS) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 152,037 shares, a growth of 58.5% from the August 31st total of 95,948 shares. Based on an average daily volume of 834,366 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.2% of the company’s stock are short sold.

ETS Stock Down 3.4%

Shares of ETS stock opened at $1.73 on Friday. The firm has a market capitalization of $28.93 million, a P/E ratio of -10.81 and a beta of -5.24. The company has a 50 day moving average price of $1.27 and a 200 day moving average price of $0.87. ETS has a 52 week low of $0.39 and a 52 week high of $2.75.

ETS (NASDAQ:ETS) last released its earnings results on Tuesday, July 14th. The company reported ($0.15) earnings per share for the quarter. ETS had a negative return on equity of 30.26% and a negative net margin of 157.04%.The company had revenue of $0.73 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ETS in a report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About ETS

Elite Express Holding Inc is a holding company which conducts its operations through its wholly owned subsidiary, JAR Transportation Inc It provides last-mile delivery services, primarily focused on transporting packages from distribution centers to end customers. Elite Express Holding Inc is based in LAGUNA HILLS, Calif.