Price Action Alert: Will Eagle Bulk Shipping Inc Short Squeeze Soon?

Price Action Alert: Will Eagle Bulk Shipping Inc Short Squeeze Soon?

The stock of Eagle Bulk Shipping Inc (NASDAQ:EGLE) is a huge mover today! The stock decreased 8.78% or $0.41 on November 4, hitting $4.26. About 282,223 shares traded hands or 113.23% up from the average. Eagle Bulk Shipping Inc (NASDAQ:EGLE) has declined 27.03% since April 4, 2016 and is downtrending. It has underperformed by 28.12% the S&P500.
The move comes after 5 months negative chart setup for the $224.80M company. It was reported on Nov, 4 by Barchart.com. We have $3.75 PT which if reached, will make NASDAQ:EGLE worth $26.98M less.

Analysts await Eagle Bulk Shipping Inc (NASDAQ:EGLE) to report earnings on November, 21.

According to Zacks Investment Research, “Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.”

Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.24, from 0.74 in 2016Q1. The ratio dropped, as 20 funds sold all Eagle Bulk Shipping Inc shares owned while 8 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 26.94 million shares or 13.39% less from 31.11 million shares in 2016Q1.
Blackrock Institutional Co Na holds 95,876 shares or 0% of its portfolio. Jpmorgan Chase Company has 0% invested in the company for 24,921 shares. Credit Suisse Ag holds 39,117 shares or 0% of its portfolio. Morgan Stanley has invested 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE). Moreover, Kcg Holdg has 0% invested in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 26,140 shares. Royal Fincl Bank Of Canada owns 285 shares or 0% of their US portfolio. Paloma Prtnrs Management Com holds 0% of its portfolio in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 70,623 shares. Moreover, Vanguard Group has 0% invested in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 787,259 shares. Pnc Grp Incorporated reported 522 shares or 0% of all its holdings. Geode Cap Mngmt Limited Liability Co accumulated 0% or 14,643 shares. Goldman Sachs Grp accumulated 0% or 77,218 shares. Wells Fargo Co Mn has 0% invested in the company for 11 shares. Ladenburg Thalmann Ser Incorporated accumulated 0% or 5 shares. New York State Common Retirement Fund holds 20,300 shares or 0% of its portfolio. Moreover, Barclays Plc has 0% invested in Eagle Bulk Shipping Inc (NASDAQ:EGLE) for 2,222 shares.

Insider Transactions: Since August 10, 2016, the stock had 1 buy, and 0 sales for $13.16 million net activity. The insider GOLDENTREE ASSET MANAGEMENT LP bought 4.39M shares worth $13.16M.

More notable recent Eagle Bulk Shipping Inc (NASDAQ:EGLE) news were published by: Prnewswire.com which released: “Eagle Bulk Shipping Inc. to Issue Third Quarter 2016 Results and Hold Investor …” on November 01, 2016, also Hellenicshippingnews.com with their article: “Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Updated Analyst Coverage” published on November 04, 2016, Prnewswire.com published: “Eagle Bulk Shipping Inc. Announces $85.0 Million Private Placement of Common Stock” on July 05, 2016. More interesting news about Eagle Bulk Shipping Inc (NASDAQ:EGLE) were released by: Prnewswire.com and their article: “Eagle Bulk Shipping, Inc. Announces Comprehensive Balance Sheet Recapitalization” published on March 30, 2016 as well as Prnewswire.com‘s news article titled: “Eagle Bulk Shipping Inc. Announces Closing of $88.0 Million Private Placement …” with publication date: August 10, 2016.

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