The stock of Star Bulk Carriers Corphares (NASDAQ:SBLK) registered a decrease of 8.8% in short interest. SBLK’s total short interest was 1.39 million shares in March as published by FINRA. Its down 8.8% from 1.53M shares, reported previously. With 566,800 shares average volume, it will take short sellers 3 days to cover their SBLK’s short positions. The short interest to Star Bulk Carriers Corphares’s float is 3.06%.
The stock increased 3.08% or $0.22 during the last trading session, reaching $7.2. About 205,405 shares traded. Star Bulk Carriers Corp. (NASDAQ:SBLK) has declined 39.56% since March 15, 2018 and is downtrending. It has underperformed by 43.93% the S&P500.
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company has market cap of $669.78 million. The Company’s vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. It has a 9.47 P/E ratio. As of August 29, 2018, the firm had a fleet of 111 vessels with an aggregate capacity of approximately 12.67 million deadweight ton , including 17 Newcastlemax, 20 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax, and 12 Supramax vessels.
Star Bulk Carriers Corp. (NASDAQ:SBLK) Ratings Coverage
Among 2 analysts covering Star Bulk Carriers (NASDAQ:SBLK), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Star Bulk Carriers had 2 analyst reports since February 15, 2019 according to SRatingsIntel. The firm earned “Buy” rating on Friday, February 22 by Drewry Financial. The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) earned “Equal-Weight” rating by Morgan Stanley on Friday, February 15.
More notable recent Star Bulk Carriers Corp. (NASDAQ:SBLK) news were published by: Globenewswire.com which released: “Star Bulk Carriers Corp. Agrees to Acquire 15 Dry Bulk Vessels – GlobeNewswire” on May 14, 2018, also Globenewswire.com with their article: “Star Bulk Carriers Corp. Acquisition of Own Shares – GlobeNewswire” published on February 15, 2019, Hellenicshippingnews.com published: “China’s Cold Becomes Shipping’s Flu As Slower Demand Hits Rates – Hellenic Shipping News Worldwide” on February 18, 2019. More interesting news about Star Bulk Carriers Corp. (NASDAQ:SBLK) were released by: Seekingalpha.com and their article: “Star Bulk Carriers Corp (SBLK) CEO Petros Pappas on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on November 21, 2018 as well as Globenewswire.com‘s news article titled: “Star Bulk Carriers Corp. Announces Share Repurchase Program – GlobeNewswire” with publication date: November 29, 2018.