December 1, 2016 - By Clifton Ray · 0 Comments
The stock of Dryships Incorporated (NASDAQ:DRYS) registered an increase of 18.48% in short interest. DRYS’s total short interest was 1.69M shares in December as published by FINRA. Its up 18.48% from 1.43 million shares, reported previously. With 461,200 shares average volume, it will take short sellers 4 days to cover their DRYS’s short positions. About 28.03 million shares traded hands or 327.94% up from the average. DryShips Inc. (NASDAQ:DRYS) has declined 90.54% since April 28, 2016 and is downtrending. It has underperformed by 96.47% the S&P500.
DryShips, Inc. is a holding company
DryShips, Inc., incorporated on October 9, 2004, is a holding company. The Firm owns drybulk carriers and offshore support vessels. The Firm operates through two divisions: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a well-known provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a well-known provider of offshore support services to the global offshore energy industry. The Firm owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels and have an average age of approximately 3.1 years.
More notable recent DryShips Inc. (NASDAQ:DRYS) news were published by: Marketwatch.com which released: “DryShips Inc. Announces Closing of Registered Direct Offering” on November 21, 2016, also Fool.com with their article: “Here’s Why DryShips Inc. Stock Continues to Explode Higher” published on November 14, 2016, Finance.Yahoo.com published: “DryShips Inc. Announces Agreement With One of Its Lenders” on November 21, 2016. More interesting news about DryShips Inc. (NASDAQ:DRYS) were released by: Marketwatch.com and their article: “DryShips Inc. Announces Registered Direct Offering” published on November 17, 2016 as well as Benzinga.com‘s news article titled: “DryShips Surrenders Early Gains” with publication date: December 01, 2016.
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By Clifton Ray