Eastside Distilling, Inc. (NASDAQ:EAST) Short Interest Update

Eastside Distilling, Inc. (NASDAQ:EAST) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 69,400 shares, a growth of 41.3% from the August 15th total of 49,100 shares. Currently, 5.4% of the shares of the stock are short sold. Based on an average daily volume of 2,320,000 shares, the days-to-cover ratio is currently 0.0 days.

Eastside Distilling Price Performance

NASDAQ EAST traded down $0.21 during trading hours on Friday, reaching $0.63. The company’s stock had a trading volume of 784,336 shares, compared to its average volume of 935,966. Eastside Distilling has a 1 year low of $0.60 and a 1 year high of $2.98. The company has a quick ratio of 0.11, a current ratio of 0.29 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $1.11 million, a price-to-earnings ratio of -0.10 and a beta of 1.78. The firm’s 50-day moving average price is $0.90 and its 200-day moving average price is $1.00.

Eastside Distilling (NASDAQ:EAST) last released its earnings results on Wednesday, August 14th. The company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.05). Eastside Distilling had a negative return on equity of 2,066.36% and a negative net margin of 66.06%. The company had revenue of $3.06 million during the quarter, compared to analysts’ expectations of $2.58 million. During the same period last year, the firm posted ($1.96) EPS. On average, equities research analysts predict that Eastside Distilling will post -2.63 EPS for the current fiscal year.

Eastside Distilling Company Profile

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.