Short Interest in DryShips Inc. (DRYS) Rises By 43.0%

DryShips Inc. (NASDAQ:DRYS) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,079,138 shares, a growth of 43.0% from the August 15th total of 754,476 shares. Based on an average trading volume of 896,771 shares, the short-interest ratio is currently 1.2 days. Approximately 12.3% of the company’s stock are short sold.

Shares of DryShips (NASDAQ:DRYS) opened at 0.4812 on Friday. The company has a 50-day moving average of $0.84 and a 200 day moving average of $5.49. The firm’s market capitalization is $3.41 million. DryShips has a 12-month low of $0.41 and a 12-month high of $29.00.

DryShips (NASDAQ:DRYS) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.34) earnings per share for the quarter. The business had revenue of $13.20 million for the quarter, compared to the consensus estimate of $403.20 million. DryShips had a negative net margin of 1,307.25% and a negative return on equity of 78.76%. On average, analysts predict that DryShips will post $0.07 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. A.R.T. Advisors LLC bought a new position in shares of DryShips during the first quarter valued at approximately $157,000. Bridgeway Capital Management Inc. bought a new position in shares of DryShips during the second quarter valued at approximately $136,000. Oxford Asset Management bought a new position in shares of DryShips during the second quarter valued at approximately $181,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of DryShips by 33.6% in the second quarter. Parametric Portfolio Associates LLC now owns 442,444 shares of the company’s stock valued at $249,000 after buying an additional 111,298 shares during the period. 25.30% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:DRYS

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