DryShips Inc (fka DRYS)

[ammobox]

Sep 21st, 2016 DryShips Inc. (DRYS) Short Interest Update
Posted by Doug Wharley on Sep 21st, 2016
http://www.thecerbatgem.com/2016/09/21/dryships-inc-drys-short-interest-update-2.html

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

Hedge funds and other 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 worth about $157,000. Oxford Asset Management acquired a new stake in DryShips during the second quarter worth $181,000. Bridgeway Capital Management Inc. acquired a new stake in DryShips during the second quarter worth $136,000. Finally, Parametric Portfolio Associates LLC raised its stake 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 last quarter. Institutional investors and hedge funds own 25.30% of the company’s stock.

Shares of DryShips (NASDAQ:DRYS) opened at 0.422 on Wednesday. DryShips has a one year low of $0.41 and a one year high of $29.00. The firm has a 50-day moving average of $0.90 and a 200-day moving average of $5.56. The company’s market capitalization is $2.99 million.

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

About DryShips

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.

http://www.thecerbatgem.com/2016/09/21/dryships-inc-drys-short-interest-update-2.html