Star Bulk Carriers Corp. (NASDAQ:SBLK) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,447,785 shares, a decrease of 25.1% from the August 15th total of 1,933,135 shares. Based on an average trading volume of 666,411 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.4% of the company’s shares are short sold.

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $11.00 price objective on shares of Star Bulk Carriers Corp. and gave the company a “hold” rating in a research note on Sunday, May 28th. TheStreet raised shares of Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. BidaskClub raised shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Pareto Securities raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research downgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Star Bulk Carriers Corp. presently has an average rating of “Buy” and an average target price of $12.50.

Shares of Star Bulk Carriers Corp. (SBLK) opened at 10.91 on Friday. The stock’s market cap is $691.00 million. The stock’s 50 day moving average price is $10.83 and its 200-day moving average price is $9.92. Star Bulk Carriers Corp. has a one year low of $4.04 and a one year high of $13.40.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caspian Capital LP raised its stake in shares of Star Bulk Carriers Corp. by 10.7% during the 2nd quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock worth $31,139,000 after purchasing an additional 306,341 shares in the last quarter. Impala Asset Management LLC raised its stake in shares of Star Bulk Carriers Corp. by 248.4% during the 2nd quarter. Impala Asset Management LLC now owns 1,946,775 shares of the shipping company’s stock worth $19,137,000 after purchasing an additional 1,387,975 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Star Bulk Carriers Corp. by 233.3% during the 1st quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock worth $6,850,000 after purchasing an additional 403,619 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Star Bulk Carriers Corp. during the 2nd quarter worth about $4,046,000. Finally, River & Mercantile Asset Management LLP raised its stake in shares of Star Bulk Carriers Corp. by 57.9% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 298,819 shares of the shipping company’s stock worth $2,934,000 after purchasing an additional 109,600 shares in the last quarter. 75.03% of the stock is owned by institutional investors.

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About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’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).

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