Short Interest in Eastside Distilling, Inc. (NASDAQ:EAST) Declines By 33.6%

Eastside Distilling, Inc. (NASDAQ:EAST) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 109,300 shares, a drop of 33.6% from the November 15th total of 164,500 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily volume of 150,700 shares, the days-to-cover ratio is presently 0.7 days.

Eastside Distilling Trading Down 6.0 %

Shares of Eastside Distilling stock opened at $0.71 on Friday. The company has a 50-day moving average of $0.61 and a two-hundred day moving average of $0.78. The stock has a market cap of $3.54 million, a PE ratio of -0.19 and a beta of 1.78. Eastside Distilling has a 12-month low of $0.41 and a 12-month high of $2.98.

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.