DryShips Inc (fka DRYS)

[I-Man]

11/15/2016 remember this story:::

DryShips Soars 1,500% Amid Epic Short Squeeze

DryShips (DRYS)  soared some 70% in Tuesday trading and has risen some 1,500% over the past week as one of the most spectacular short squeezes the market has witnessed in a long time grips this unique investment vehicle.

DryShips shares jumped 70.3% to $73 Tuesday on a huge volume surge. More than 10 million shares changed hands  -- some 20 times the stock's average daily volume of less than 500,000. DRYS had been as high as $102 earlier in the session and is up from just $4.56 a share at last Tuesday's close.


It's a remarkable turn of events for a stock that was trading just above $1 a share as recently as August. However, quite a lot has transpired since this unusual stock hit its summer lows.