DryShips Inc. (DRYS) Short Interest Up 29.7% in September
DryShips Inc. (NASDAQ:DRYS) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,354,673 shares, a growth of 29.7% from the September 15th total of 1,044,131 shares. Based on an average daily trading volume, of 957,527 shares, the days-to-cover ratio is presently 1.4 days. Approximately 9.4% of the shares of the stock are short sold.
Shares of DryShips (NASDAQ:DRYS) opened at 0.38 on Friday. The stock’s 50 day moving average is $0.49 and its 200-day moving average is $4.39. DryShips has a 12-month low of $0.38 and a 12-month high of $29.00. The stock’s market cap is $2.69 million.
DryShips (NASDAQ:DRYS) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.34) earnings per share for the quarter. DryShips had a negative net margin of 1,307.25% and a negative return on equity of 78.76%. The firm earned $13.20 million during the quarter, compared to analysts’ expectations of $403.20 million. Equities analysts anticipate that DryShips will post $0.07 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC raised its position in DryShips by 236.8% in the second quarter. A.R.T. Advisors LLC now owns 225,303 shares of the company’s stock worth $126,000 after buying an additional 158,403 shares during the period. Bridgeway Capital Management Inc. purchased a new position in DryShips during the second quarter worth $136,000. Oxford Asset Management purchased a new position in DryShips during the second quarter worth $181,000. Finally, Parametric Portfolio Associates LLC raised its position in DryShips by 33.6% in the second quarter. Parametric Portfolio Associates LLC now owns 442,444 shares of the company’s stock worth $249,000 after buying an additional 111,298 shares during the period. Hedge funds and other institutional investors own 25.30% of the company’s stock.
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.
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