Eagle Bulk Shipping (NASDAQ:EGLE), According to the latest information the short interest in Eagle Bulk Shipping Inc. shot up by 7.2% or 133,536 shares. The final shorts are 4.5% of the total floated shares. The positions increased from 1,851,922 shares on May 31,2016 to 1,985,458 on June 15,2016. According to the per-day average trading of 379,883 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Eagle Bulk Shipping (NASDAQ:EGLE): The stock opened at $0.54 on Friday but the bulls could not build on the opening and the stock topped out at $0.54 for the day. The stock traded down to $0.47 during the day, due to lack of any buying support eventually closed down at $0.48 with a loss of -9.53% for the day. The stock had closed at $0.53 on the previous day. The total traded volume was 2,456,627 shares.
The company shares have dropped -93.11% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $9.19 and the one year low was seen on Apr 4, 2016. The 50-Day Moving Average price is $0.54 and the 200 Day Moving Average price is recorded at $1.20.
Eagle Bulk Shipping (NASDAQ:EGLE) has tumbled 8.22% during the past week and has dropped 18.13% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.7%. Eagle Bulk Shipping (NASDAQ:EGLE) has underperformed the index by 15.66% in the last 4 weeks. Investors should watch out for further signals and trade with caution.