Costamare (NYSE:CMRE), A reduction of 1,345 shares or 0.1% was observed in the short interest of Costamare Inc The interest on June 15,2016 came in at 1,012,778 shares and as per the average daily trading of 185,858 shares, the days to cover are 5. The reduced interest is 4.3% of the floated shares. The data of May 31,2016 put the interest at 1,014,123 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Costamare (NYSE:CMRE): The stock opened at $9.36 on Friday but the bulls could not build on the opening and the stock topped out at $9.73 for the day. The stock traded down to $9.22 during the day, due to lack of any buying support eventually closed down at $9.54 with a loss of -4.60% for the day. The stock had closed at $10.00 on the previous day. The total traded volume was 2,503,967 shares.
The company shares have dropped -47.67% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $19.07 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.41 and the 200 Day Moving Average price is recorded at $8.79.
Costamare (NYSE:CMRE) has climbed 1.06% in the past week and advanced 0.21% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.74% and the outperformance has advanced to 3.24% for the last 4 weeks period.
Costamare Inc. (Costamare) is an international owner of containerships. The Company provides worldwide marine transportation services by chartering its container vessels to the liner operators under long, medium and short-term time charters. As of February 27, 2015, the Company had a fleet of 68 containerships with a total capacity in excess of 447,000 twenty foot equivalent unit (TEU), including nine new builds on order. The Companys containerships operate primarily under long-term, fixed-rate time charters. The Companys fleet of vessels includes COSCO GUANGZHOU, COSCO NINGBO, COSCO YANTIAN, VANTAGE, MSC MANDRAKI and ZIM NEW YORK, among others. As of February 27, 2015, the average (weighted by TEU capacity) remaining time-charter duration for its fleet of 68 containerships was approximately 4.5 years, based on the remaining fixed terms and assuming the exercise of any owners options and the non-exercise of any charterers options under its containerships charters.