Can Scorpio Bulkers Inc (NYSE:SALT)’s Tomorrow be Different? The Stock Had Increase in Shorts

Scorpio Bulkers Inc. (NYSE:SALT) Logo

The stock of Scorpio Bulkers Inc (NYSE:SALT) registered an increase of 5.83% in short interest. SALT’s total short interest was 2.95M shares in May as published by FINRA. Its up 5.83% from 2.78M shares, reported previously. With 426,100 shares average volume, it will take short sellers 7 days to cover their SALT’s short positions. The short interest to Scorpio Bulkers Inc’s float is 7.79%.

The stock increased 0.49% or $0.03 during the last trading session, reaching $5.12. About 342,365 shares traded. Scorpio Bulkers Inc. (NYSE:SALT) has declined 45.28% since May 8, 2018 and is downtrending. It has underperformed by 49.65% the S&P500.

Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers. The company has market cap of $345.75 million. The Company’s vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers along worldwide shipping routes. It currently has negative earnings. As of December 31, 2017, the firm owned or finance leased 55 vessels comprising 18 Kamsarmax vessels and 37 Ultramax vessels.

Scorpio Bulkers Inc. (NYSE:SALT) Ratings Coverage

Among 3 analysts covering Scorpio Bulkers (NYSE:SALT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Scorpio Bulkers had 4 analyst reports since November 16, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, February 22 by Drewry Financial.

More notable recent Scorpio Bulkers Inc. (NYSE:SALT) news were published by: Businesswire.com which released: “TechnipFMC awarded a significant Subsea contract for the Lapa Pre-Salt Field in Brazil – Business Wire” on April 09, 2019, also Globenewswire.com with their article: “Scorpio Bulkers Announces an Update on its Share Repurchase Program – GlobeNewswire” published on January 10, 2019, Fool.com published: “Better Buy: Enbridge vs. Plains All American Pipeline – The Motley Fool” on April 22, 2019. More interesting news about Scorpio Bulkers Inc. (NYSE:SALT) were released by: Seekingalpha.com and their article: “Stocks To Watch: Uber Time – Seeking Alpha” published on May 04, 2019 as well as Foxbusiness.com‘s news article titled: “Berkshire Hathaway Earnings: Here’s What You Need to Know – Fox Business” with publication date: May 05, 2019.

Scorpio Bulkers Inc. (NYSE:SALT) Ratings Chart

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