StarTek, Inc. (NYSE:SRT) Short Interest Update

StarTek, Inc. (NYSE:SRT) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 422,200 shares, a decrease of 8.0% from the September 30th total of 459,100 shares. Based on an average trading volume of 48,700 shares, the days-to-cover ratio is presently 8.7 days. Approximately 4.0% of the shares of the stock are sold short.

A number of research firms have recently commented on SRT. Zacks Investment Research raised shares of StarTek from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. ValuEngine raised shares of StarTek from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

NYSE:SRT traded up $0.12 on Friday, reaching $7.27. 68,081 shares of the stock traded hands, compared to its average volume of 47,584. The company’s 50 day moving average is $6.66 and its 200-day moving average is $7.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.17 and a current ratio of 1.17. StarTek has a 1-year low of $5.84 and a 1-year high of $8.93.

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada acquired a new stake in shares of StarTek during the 2nd quarter worth approximately $34,000. JPMorgan Chase & Co. bought a new position in shares of StarTek in the 2nd quarter worth $35,000. Strs Ohio bought a new position in shares of StarTek in the 2nd quarter worth $35,000. Rhumbline Advisers lifted its holdings in shares of StarTek by 12.0% in the 3rd quarter. Rhumbline Advisers now owns 19,239 shares of the business services provider’s stock worth $124,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of StarTek in the 2nd quarter worth $324,000. 13.39% of the stock is owned by institutional investors and hedge funds.

About StarTek

StarTek, Inc operates as a business process outsourcing company that provides omnichannel customer interactions and technology back-office support solutions. It primarily offers customer engagement consulting, omnichannel engagement, social media, customer intelligence analytics, scientific research, back office, and receivables management services under the Startek and Aegis brands.

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