Trading volume for Star Bulk Carriers was 1,181K in the last trading session. Shares saw a steep increase in trading volume of 115.59% over the normal average daily volume.
Traders are more bearish on shares of the company of late looking at the motion in short interest. The company recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 19.43%. Short interest grew 322,248 over that period. Days to cover increased from 3.0 to 5.0 and the percentage of shorted shares was 0.03% on October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Citadel Advisors LLC had disposed of a total of 22,472 shares trimming its holdings by 61.3%. The value of the company’s investment in Star Bulk Carriers went from $360,000 to $138,000 decreasing 61.7% quarter over quarter. Dynamic Technology Lab Private Ltd bolstered its investment by buying 7,373 shares an increase of 65.8% in the quarter. Dynamic Technology Lab Private Ltd currently owns 18,577 shares worth $181,000. The total value of its holdings increased 64.5%.
Engineers Gate Manager LP trimmed its ownership by selling 35,389 shares a decrease of 75.8% from 06/30/2017 to 09/30/2017. Engineers Gate Manager LP owns 11,300 shares with a value of $110,000. The value of the position overall is down by 76.0%. As of the end of the quarter Marshall Wace LLP had bought 94,872 shares growing its stake by 23.5%. The value of the investment in Star Bulk Carriers increased from $4,046,000 to $4,994,000 a change of 23.4% for the reporting period.
On October 22 analysts at Stifel Nicolaus updated guidance on SBLK with a rating of “Hold” and establishing a price target of $11.00. On October 19 Jefferies Group LLC left the stock rating at “Buy” projecting a price of $15.00.
The company is now up by 0.98% since yesterday’s close of 9.22. The company currently has a P/E ratio of N/A and market cap is 597.27M. In the latest earnings report the EPS was $-1.87 with 64.15M shares now outstanding.
Star Bulk Carriers Corp., launched on December 13, 2006, is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Business’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt). The Business’s vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along shipping routes across the world..