Safe Bulkers Inc (NYSE:SB) has shown a drop of 4.7% or 119,810 shares in the short positions. The bets have increased to 2,441,839 shares on June 15,2016 from 2,561,649 shares on May 31,2016. With respect to the floated shares, the shorts are 6.4%. The days to cover are calculated to be 14, using the standard per day volume of 175,190 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Safe Bulkers Inc (NYSE:SB): The stock opened at $1.03 on Friday but the bulls could not build on the opening and the stock topped out at $1.08 for the day. The stock traded down to $1.03 during the day, due to lack of any buying support eventually closed down at $1.05 with a loss of -7.89% for the day. The stock had closed at $1.14 on the previous day. The total traded volume was 3,272,039 shares.
The company shares have dropped -67.19% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $4.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $1.05 and the 200 Day Moving Average price is recorded at $0.83.
Safe Bulkers Inc (NYSE:SB) has tumbled 3.67% during the past week and has dropped 4.55% 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 2.07%. Safe Bulkers Inc (NYSE:SB) has underperformed the index by 1.66% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Safe Bulkers, Inc. (Safe Bulkers) is a holding company. The Companys principal business is the acquisition, ownership and operation of drybulk vessels. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes. The Companys fleet comprises 33 vessels, of which 12 are Panamax class vessels, seven are Kamsarmax class vessels, 11 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,019,700 deadweight tons (dwt) and an average age of 5.8 years. The Company deploys its vessels on a mix of period time and spot time charters. The Company has 45 wholly owned subsidiaries, 24 of which are incorporated in Liberia and 21 in the Republic of the Marshall Islands.