Trade Report: The DryShips Inc. (DRYS) Short Interest Up 29.7% in September

The DryShips Inc. (DRYS) Short Interest Up 29.7% in September

DryShips Inc. (NASDAQ:DRYS) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,354,673 shares, an increase of 29.7% from the September 15th total of 1,044,131 shares. Based on an average daily trading volume, of 957,527 shares, the short-interest ratio is currently 1.4 days. Approximately 9.4% of the shares of the company are sold short.

Shares of DryShips (NASDAQ:DRYS) opened at 0.38 on Friday. The firm’s market cap is $2.69 million. DryShips has a 12-month low of $0.38 and a 12-month high of $29.00. The firm has a 50-day moving average price of $0.49 and a 200-day moving average price of $4.39.

DryShips (NASDAQ:DRYS) last announced its 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 business earned $13.20 million during the quarter, compared to analyst estimates of $403.20 million. On average, equities research analysts expect that DryShips will post $0.07 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Oxford Asset Management purchased a new stake in DryShips during the second quarter valued at about $181,000. 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 valued at $249,000 after buying an additional 111,298 shares in the last quarter. Bridgeway Capital Management Inc. purchased a new stake in DryShips during the second quarter valued at about $136,000. Finally, A.R.T. Advisors LLC raised its stake in DryShips by 236.8% in the second quarter. A.R.T. Advisors LLC now owns 225,303 shares of the company’s stock valued at $126,000 after buying an additional 158,403 shares in the last quarter. 25.30% of the stock is currently owned by institutional investors and hedge funds.

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