Will DryShips Inc. (DRYS) Short Squeeze Soon?

July 17, 2017 - By Richard Conner

The stock of DryShips Inc. (NASDAQ:DRYS) hit a new 52-week low and has $0.85 target or 6.00 % below today’s $0.91 share price. The 8 months bearish chart indicates high risk for the $23.53M company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $0.85 price target is reached, the company will be worth $1.41M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 4.86 million shares traded. DryShips Inc. (NASDAQ:DRYS) has declined 99.99% since July 17, 2016 and is downtrending. It has underperformed by 116.69% the S&P500.

More notable recent DryShips Inc. (NASDAQ:DRYS) news were published by: Seekingalpha.com which released: “DryShips Inc: The Bottom Is Nearing” on June 19, 2017, also Seekingalpha.com with their article: “DryShips Stock Issuance Update” published on July 15, 2017, Nasdaq.com published: “DryShips Inc. (DRYS) Ex-Dividend Date Scheduled for July 18, 2017” on July 17, 2017. More interesting news about DryShips Inc. (NASDAQ:DRYS) were released by: Seekingalpha.com and their article: “DryShips: Selling Despite Lawsuit” published on July 07, 2017 as well as Seekingalpha.com‘s news article titled: “DryShips Inc. Updated Cash Earnings Model” with publication date: July 17, 2017.

DryShips, Inc. is a holding company

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