November 16, 2016 - By Linda Rogers · 0 Comments
The stock of Startek Incorporated (NYSE:SRT) registered a decrease of 25.96% in short interest. SRT’s total short interest was 28,800 shares in November as published by FINRA. Its down 25.96% from 38,900 shares, reported previously. With 8,500 shares average volume, it will take short sellers 3 days to cover their SRT’s short positions. The short interest to Startek Incorporated’s float is 0.26%. About 30,337 shares traded hands or 19.35% up from the average. StarTek, Inc. (NYSE:SRT) has risen 93.81% since April 14, 2016 and is uptrending. It has outperformed by 89.12% the S&P500.
StarTek, Inc. is a customer engagement business process outsourcing (BPO) services company, which is delivering customer care solutions. The company has a market cap of $121.88 million. The Firm operates its business in three divisions, based on the geographic regions: Domestic, Nearshore, and Offshore. It currently has negative earnings. The Company’s Domestic segment includes the activities of approximately 10 facilities in the United States and one facility in Canada.
Insitutional Activity: The institutional sentiment decreased to 0.63 in 2016 Q2. Its down 1.37, from 2 in 2016Q1. The ratio fall, as 2 funds sold all StarTek, Inc. shares owned while 6 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 5.46 million shares or 0.43% less from 5.48 million shares in 2016Q1.
Moreover, Wells Fargo Co Mn has 0% invested in StarTek, Inc. (NYSE:SRT) for 1 shares. The North Carolina-based State Bank Of America De has invested 0% in StarTek, Inc. (NYSE:SRT). Walleye Trading Llc, a Minnesota-based fund reported 637 shares. Nationwide Fund Advsr holds 2,764 shares or 0% of its portfolio. Northern Trust Corp last reported 27,474 shares in the company. Blackrock Institutional Tru Communications Na has invested 0% of its portfolio in StarTek, Inc. (NYSE:SRT). Deltec Asset Mngmt holds 22,550 shares or 0.02% of its portfolio. Bridgeway Management Inc holds 0.01% of its portfolio in StarTek, Inc. (NYSE:SRT) for 83,100 shares. Moreover, Bancorp Of Ny Mellon has 0% invested in StarTek, Inc. (NYSE:SRT) for 28,964 shares. Rbf Capital Ltd Liability Com has 0.04% invested in the company for 49,423 shares. Sg Capital Mngmt Lc holds 31,434 shares or 0.03% of its portfolio. Dimensional Fund Limited Partnership accumulated 938,109 shares or 0% of the stock. Vanguard Group Inc holds 259,224 shares or 0% of its portfolio. Heartland Advsr accumulated 1.40M shares or 0.34% of the stock. Blackrock Lc has 3,340 shares for 0% of their US portfolio.
StarTek, Inc. (STARTEK), incorporated on December 30, 1996, is a customer engagement business process outsourcing (BPO) services company, which is delivering customer care solutions. The Firm provides services, including sales, order management and provisioning, customer care, technical support, receivables management, and retention programs. The Firm operates its business in three divisions, based on the geographic regions: Domestic, Nearshore, and Offshore. The Company’s Domestic segment includes the activities of approximately 10 facilities in the United States and one facility in Canada. The Company’s Offshore segment includes the activities of approximately four facilities in the Philippines. The Company’s Nearshore segment includes the activities of approximately two facilities in Honduras and one facility in Jamaica. The Company’s service offerings include customer care, sales support, inbound sales, complex order processing, accounts receivable management, technical and product support, up-sell and cross-sell opportunities, and other industry-specific processes.
More news for StarTek, Inc. (NYSE:SRT) were recently published by: Quotes.Wsj.com, which released: “Startek Inc. SRT (US: NYSE)” on February 12, 2011. Seekingalpha.com‘s article titled: “StarTek: Now Is The Time To Buy” and published on August 18, 2016 is yet another important article.
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By Linda Rogers