Short Interest To Observe: Danaos Corporation (NYSE:DAC)’s Trend Unknown, Especially After Increased Shorts

December 1, 2016 - By kentuckypostne   ·   0 Comments

Short Interest To Observe: Danaos Corporation (NYSE:DAC)’s Trend Unknown, Especially After Increased Shorts

The stock of Danaos Corporation (NYSE:DAC) registered an increase of 2.44% in short interest. DAC’s total short interest was 230,800 shares in December as published by FINRA. Its up 2.44% from 225,300 shares, reported previously. With 63,400 shares average volume, it will take short sellers 4 days to cover their DAC’s short positions. The short interest to Danaos Corporation’s float is 0.56%. The stock decreased 3.13% or $0.1 during the last trading session, hitting $3.1. Danaos Corporation (NYSE:DAC) has declined 23.27% since April 28, 2016 and is downtrending. It has underperformed by 29.19% the S&P500.

Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The company has a market cap of $330.01 million. The Company’s principal business is the acquisition and operation of vessels. It has a 2.48 P/E ratio. The Firm conducts its activities through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.

DAC Company Profile

Danaos Corporation, incorporated on October 7, 2005, is a holding firm and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. It conducts its activities through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Company’s manager is Danaos Shipping Company Limited (Danaos Shipping).

More notable recent Danaos Corporation (NYSE:DAC) news were published by: Prnewswire.com which released: “Danaos Corporation Receives Notice that Counterparty has Entered into Court …” on September 01, 2016, also Zacks.com with their article: “3 Reasons Why Danaos Corporation (DAC) is a Great Value Stock” published on July 08, 2016, Quotes.Wsj.com published: “News Danaos Corp.DAC” on February 11, 2011. More interesting news about Danaos Corporation (NYSE:DAC) were released by: Marketwired.com and their article: “Danaos Corporation Announces Availability of Its Annual Report on Form 20-F …” published on March 18, 2016 as well as Seekingalpha.com‘s news article titled: “Danaos Corporation’s (DAC) CEO John Coustas on Q1 2016 Results – Earnings Call …” with publication date: May 05, 2016.

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