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DryShips Inc is a dry bulk shipping company based in Athens, Greece. It is a Marshall Islands corporation, formed in 2004. On October 11, 2019, it was taken private by CEO and Chairman George Economou. [1] [2] As of February 2019, the company is a diversified owner and operator of ocean going cargo vessels that operate worldwide.
Short sellers have lost more than $2.2 billion as the stock has run up. A short squeeze happens when a significant enough number of investors have bet against a stock to go down.
Few companies are as beaten down as beleaguered dry bulk shipper DryShips (NYS: DRYS) . After its stock imploded following the recession in dipping from over $100 to single digits, the Greece ...
What: On Friday, shares of dry-bulk shipper DryShips. Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case ...
The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [19] [20] primarily triggered by the Reddit forum WallStreetBets. [21] [22] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
Source: DryShips, Various dry shipping stocks such as DryShips , Navios Maritime Partners , Safe Bulkers , Baltic Trading Limited , and Star Bulk Carriers are well off their highs. This begs the ...
In 2005, DryShips (DRYS) was listed on Nasdaq, but Cardiff Marine is privately owned by Economou. [3] Economou owns 34% of DryShips, but has been accused of running it like a private company for personal profit at shareholders' expense, destroying any shareholder value over the last several years with massive dilution and dubious forms of financing.
It seems like everybody these days universally agrees that the dry bulk shipping market will get better at least in the short term. Executives from DryShips , Navios Maritime Partners , Diana ...