Here is another observation... The current short interest in DRYS is roughly 12% of the shares being traded. GE hasn't changed his position in DRYS. While his ownership percentage grows as more shares are bought back by DRYS, the same thing is also happening to the short position.
If DRYS buys back another 9 million shares give or take, there will be a lot fewer shares left to cover for shorts. That is making the likelihood of a big run up all the more likely. While GE doesn't appear to be aiming for another RS and there clearly is no need, he does seem to be targeting shorts. Time will tell, of course, but is DRYS headed for another year end run?
