Short Interest Coverage: Is Ultrapetrol Bahamas Limited (OTCMKTS:ULTR)’s Fuel Running Low? Reports Show More Sellers

November 18, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Coverage: Is Ultrapetrol Bahamas Limited (OTCMKTS:ULTR)’s Fuel Running Low? Reports Show More Sellers

The stock of Ultrapetrol Bahamas Limited (OTCMKTS:ULTR) registered an increase of 51.52% in short interest. ULTR’s total short interest was 120,000 shares in November as published by FINRA. Its up 51.52% from 79,200 shares, reported previously. With 23,600 shares average volume, it will take short sellers 5 days to cover their ULTR’s short positions. The short interest to Ultrapetrol Bahamas Limited’s float is 0.56%. About 86,490 shares traded hands. Ultrapetrol (Bahamas) Limited (OTCMKTS:ULTR) has declined 4.55% since April 18, 2016 and is downtrending. It has underperformed by 8.98% the S&P500.

Ultrapetrol Limited is an industrial shipping firm serving the marine transportation markets. The company has a market cap of $30.68 million. The Firm serves the shipping markets for grain, forest products, minerals, crude oil, petroleum and refined petroleum products, as well as technological products through its container feeder vessels, and the offshore oil platform supply market through its activities in the three divisions of the marine transportation industry. It currently has negative earnings. The Company’s divisions are River Business, Offshore Supply Business and Ocean Business.

ULTR Company Profile

Ultrapetrol (Bahamas) Limited, incorporated on December 23, 1997, is an industrial shipping firm serving the marine transportation markets. The Firm serves the shipping markets for grain, forest products, minerals, crude oil, petroleum and refined petroleum products, as well as technological products through its container feeder vessels, and the offshore oil platform supply market through its activities in the three divisions of the marine transportation industry. The Company’s divisions are River Business, Offshore Supply Business and Ocean Business. The Company’s subsidiaries, UP Offshore Brazil and Sernova S.A., undertake the technical and marine related management for its offshore and ocean vessels, including dry docks, repairs and maintenance, the purchasing of supplies, spare parts and husbandry items, crewing, superintendence and preparation and payment of a portion of the related accounts on its behalf through its related offices in Coral Gables, Aberdeen, Buenos Aires and Rio de Janeiro.

More news for Ultrapetrol (Bahamas) Limited (OTCMKTS:ULTR) were recently published by: Reuters.com, which released: “BRIEF-Ultrapetrol (Bahamas) ltd says Damián Scokin will resign as CEO” on October 12, 2016. Moodys.com‘s article titled: “Moody’s downgrades Ultrapetrol’s CFR to Caa3 on missed interest payment” and published on December 16, 2015 is yet another important article.

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By Linda Rogers


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