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NASDAQ DIP and RIP
(Total Views: 306)
Posted On: 02/13/2017 9:26:20 AM
Post# of 23063
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Posted By: fitzkarz
Re: SoundInvest #15923
DryShips Inc. (DRYS) Short Interest Update

Posted by Daniel Jordon on Feb 13th, 2017 // No Comments

DryShips logoDryShips Inc. (NASDAQRYS) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,312,923 shares, an increase of 115.3% from the January 13th total of 609,672 shares. Approximately 9.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,958,100 shares, the short-interest ratio is currently 0.1 days.

Shares of DryShips (NASDAQRYS) opened at 3.99 on Monday. The company’s market capitalization is $6.23 million. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $69.15. DryShips has a 1-year low of $1.97 and a 1-year high of $2,227.20.

Separately, Vetr raised DryShips from a “buy” rating to a “strong-buy” rating and set a $5.41 price objective for the company in a research note on Wednesday, February 1st.

In related news, major shareholder James Leichter acquired 100,000 shares of the stock in a transaction dated Monday, November 28th. The stock was acquired at an average cost of $5.81 per share, with a total value of $581,000.00. Following the purchase, the insider now directly owns 300,000 shares of the company’s stock, valued at $1,743,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

DryShips Company Profile

DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.

5 Day Chart for NASDAQRYS

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NASDAQ DIP and RIP
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