How Is The Market Feeling About Star Bulk Carriers?
Portfolio Pulse from Benzinga Insights
Star Bulk Carriers (NYSE:SBLK) has seen an 8.65% increase in its short percent of float, now at 2.26% of available shares. This indicates a more bearish sentiment compared to its peers, whose average short interest is 3.11%.
September 12, 2024 | 3:30 pm
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Star Bulk Carriers has experienced an 8.65% increase in short interest, now at 2.26% of its float. This suggests a bearish sentiment among investors, although its short interest is still below the peer average of 3.11%.
The increase in short interest indicates a growing bearish sentiment towards SBLK, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the impact.
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