Longfin Squid (IMAGE) Woods Hole Oceanographic Institution Caption Longfin squid (Doryteuthis pealeii) are an important species in the east coast squid fishery, which is valued at about $40 million per year. Credit (Photo by Ian Jones, Woods Hole Oceanographic Institution) Usage Restrictions with credit License Licensed content Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.