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Eagle Bulk Shipping (NASDAQ:EGLE) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,463,038 shares, a decrease of 58.1% from the July 31st total of 3,491,781 shares, Analyst Ratings Net reports. Based on an average daily trading volume, of 1,531,458 shares, the short-interest ratio is currently 1.0 days. Currently, 9.0% of the shares of the company are sold short.

Shares of Eagle Bulk Shipping (NASDAQ:EGLE) opened at 1.10 on Wednesday. Eagle Bulk Shipping has a one year low of $1.02 and a one year high of $8.75. The stock’s 50-day moving average is $1.47 and its 200-day moving average is $3.05. The company’s market cap is $20.1 million.

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.

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