(SBLK) - Analyzing Star Bulk Carriers's Short Interest
Portfolio Pulse from Benzinga Insights
Star Bulk Carriers (NYSE:SBLK) has seen a decrease in short interest, with the current level at 1.89 million shares, representing 3.1% of available trading shares. The short interest has fallen by 4.32% since the last report, and it would take approximately 2.01 days for traders to cover their short positions based on average trading volume. This decline in short interest may indicate a more bullish sentiment among investors compared to the company's peers, which have an average short interest of 3.66% of float.
January 23, 2024 | 2:45 pm
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Star Bulk Carriers's short interest has decreased, which may suggest a more bullish market sentiment towards the stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. However, the impact on the stock price is not guaranteed and will depend on broader market conditions and investor sentiment.
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