ATHENS: Eagle Bulk Shipping logoShares of Eagle Bulk Shipping were the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 1,129,701 shares, an increase of 94.9% from the June 30th total of 579,568 shares, MarketBeat reports. Based on an average trading volume of 71,406 shares, the days-to-cover ratio is presently 15.8 days. Approximately 3.0% of the company’s stock are short sold.
Separately, Jefferies Group raised shares of Eagle Bulk Shipping from a “hold” rating to a “buy” rating in a report on Friday, April 10th.
Shares of Eagle Bulk Shipping (NASDAQ:EGLE) opened at 8.64 on Monday. Eagle Bulk Shipping has a one year low of $0.60 and a one year high of $17.49. The stock has a 50 day moving average of $7.87 and a 200-day moving average of $9.20. The stock’s market capitalization is $327.27 million.
