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Star Bulk Carriers' short interest rose 30% to 1.73 million shares by Dec. 31, its stock fell $0.53 to $20.37 on heavy volume, while the company raised its dividend and saw increased institutional ownership.
Short interest in Star Bulk Carriers Corp. rose 30.4% to 1.73 million shares by December 31, with 1.5% of shares shorted, while its stock fell $0.53 to $20.37 on heavy volume.
The company raised its quarterly dividend to $0.11, yielding 2.2%, and saw increased institutional ownership, including a notable stake increase by UBS AM.
Analysts maintain a consensus "Buy" rating with a $22.00 average price target.
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El interés corto de Star Bulk Carriers aumentó un 30% a 1,73 millones de acciones para el 31 de diciembre, sus acciones cayeron $ 0,53 a $ 20,37 en un volumen elevado, mientras que la compañía aumentó su dividendo y vio un aumento de la propiedad institucional.