Short Interest in Genco Shipping & Trading Limited (NYSE:GNK) Drops By 13.4%

Genco Shipping & Trading Limited (NYSE:GNK) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 1,244,904 shares, a drop of 13.4% from the January 15th total of 1,437,895 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average trading volume of 329,407 shares, the days-to-cover ratio is presently 3.8 days. Based on an average trading volume of 329,407 shares, the days-to-cover ratio is presently 3.8 days. Approximately 2.9% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GNK. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genco Shipping & Trading in a research note on Monday, December 29th. Wall Street Zen lowered Genco Shipping & Trading from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $21.00.

Genco Shipping & Trading News Summary

Here are the key news stories impacting Genco Shipping & Trading this week:

• Positive Sentiment: Q4 results beat revenue expectations and showed meaningful margin improvement — Genco reported roughly $110M in revenue (≈+10.8% YoY) with improved gross profit and operating profit, and EPS topped some consensus estimates. That operational beat supports near-term sentiment. Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Material dividend raise — Genco declared a $0.50 quarterly dividend (record March 11, payable March 18), a ~233% increase from the prior quarterly payout and an ~8.5% yield on current levels. A bigger, sustainable payout attracts income buyers and signals confidence in cash generation. Q4 2025 Financial Results / Dividend
• Positive Sentiment: Sector tailwinds & analyst interest — Industry coverage is highlighting shipping strength and lists GNK among favored names, which can support multiple expansion and buyer interest. Shipping Industry Is Thriving
• Neutral Sentiment: Earnings-call transcript available — Management discussion (fleet, chartering, capex, outlook) is posted for investors to parse nuance on rate environment and uses of cash (dividend vs. reinvestment). Review for guidance and fleet plans. Earnings Call Transcript
• Neutral Sentiment: “Cash offer” coverage is changing the narrative — Recent articles discuss a cash offer / strategic interest that could alter capital-allocation outcomes; implications depend on bidder terms and board response. This is newsworthy but outcome-uncertain. How The Story Is Shifting After The Cash Offer
• Negative Sentiment: Significant insider selling — Recent filings show multiple insider sales (including CEO) over the past six months, which can weigh on investor confidence about near-term upside. Quiver Quantitative Report
• Negative Sentiment: Institutional trimming — Several large funds reduced positions in the most recent quarter; heavy selling by institutions can pressure the stock if it continues. Quiver Quantitative Institutional Moves

Genco Shipping & Trading Stock Up 2.7%

NYSE GNK traded up $0.62 on Wednesday, reaching $23.16. The company had a trading volume of 385,555 shares, compared to its average volume of 352,368. The firm has a 50-day moving average of $19.63 and a 200-day moving average of $18.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.98. The firm has a market capitalization of $1.00 billion, a PE ratio of -136.22, a P/E/G ratio of 5.99 and a beta of 1.21. Genco Shipping & Trading has a 1 year low of $11.20 and a 1 year high of $23.63.

Genco Shipping & Trading (NYSE:GNK) last posted its quarterly earnings results on Tuesday, February 17th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $109.92 million for the quarter, compared to analyst estimates of $78.52 million. Genco Shipping & Trading had a negative return on equity of 0.62% and a negative net margin of 2.14%.The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, equities research analysts anticipate that Genco Shipping & Trading will post 0.48 EPS for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 11th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, March 11th. This is a boost from Genco Shipping & Trading’s previous quarterly dividend of $0.15. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.6%. Genco Shipping & Trading’s dividend payout ratio is presently -352.94%.

Hedge Funds Weigh In On Genco Shipping & Trading

A number of large investors have recently modified their holdings of GNK. CSM Advisors LLC acquired a new stake in shares of Genco Shipping & Trading during the second quarter worth about $3,876,000. Millennium Management LLC increased its holdings in Genco Shipping & Trading by 100.3% during the fourth quarter. Millennium Management LLC now owns 543,290 shares of the shipping company’s stock worth $10,013,000 after buying an additional 272,094 shares during the last quarter. Citigroup Inc. lifted its stake in Genco Shipping & Trading by 727.6% in the third quarter. Citigroup Inc. now owns 215,412 shares of the shipping company’s stock valued at $3,834,000 after acquiring an additional 189,383 shares during the last quarter. First Trust Advisors LP grew its holdings in Genco Shipping & Trading by 705.9% during the third quarter. First Trust Advisors LP now owns 133,631 shares of the shipping company’s stock worth $2,379,000 after purchasing an additional 117,049 shares during the period. Finally, Credit Agricole S A acquired a new position in Genco Shipping & Trading during the third quarter worth approximately $1,801,000. 58.62% of the stock is currently owned by institutional investors and hedge funds.

Genco Shipping & Trading Company Profile

Genco Shipping & Trading Limited is a leading global owner and operator of drybulk vessels, providing seaborne transportation services for major commodities such as iron ore, coal, grain and fertilizers. The company’s fleet comprises Capesize, Panamax and Supramax vessels, which are chartered to a broad base of international charterers under both spot and period contracts. Genco’s focus on modern, fuel-efficient tonnage supports reliable cargo delivery across a variety of trade routes and market conditions.

In addition to vessel ownership and operation, Genco offers ship management, maintenance and technical support services designed to maximize fleet performance and safety.