Shorts still in control!“DryShips Inc. (DRYS) Short Interest Up 431.1% DryShips Inc. (NASDAQ:DRYS) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 6,972,376 shares, a growth of 431.1% from the January 31st total of 1,312,923 shares. Approximately 51.7% of the company’s stock are short sold. Based on an average daily volume of 27,090,416 shares, the days-to-cover ratio is currently 0.3 days.
DryShips (NASDAQ:DRYS) opened at 1.27 on Wednesday. The firm has a 50-day moving average of $4.22 and a 200-day moving average of $47.86. The company’s market capitalization is $1.98 million. DryShips has a one year low of $1.25 and a one year high of $2,227.20.
Separately, Vetr upgraded shares of DryShips from a “buy” rating to a “strong-buy” rating and set a $5.41 target price for the company in a report on Wednesday, February 1st.
