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DryShips (NASDAQ:DRYS) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 10,237,567 shares, a drop of 17.8% from the April 30th total of 12,454,263 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 4,123,451 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.6% of the company’s stock are sold short.

Separately, analysts at Zacks reiterated a “neutral” rating on shares of DryShips in a research note on Thursday, March 20th. They now have a $3.75 price target on the stock. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $3.25.

DryShips (NASDAQ:DRYS) opened at 2.96 on Tuesday. DryShips has a 52-week low of $1.65 and a 52-week high of $5.00. The stock’s 50-day moving average is $3.06 and its 200-day moving average is $3.44. The company’s market cap is $1.284 billion.

DryShips (NASDAQ:DRYS) last issued its quarterly earnings data on Thursday, May 22nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.06. The company had revenue of $457.49 million for the quarter, compared to the consensus estimate of $445.56 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 43.1% on a year-over-year basis. On average, analysts predict that DryShips will post $-0.01 earnings per share for the current fiscal year.

DryShips Inc (NASDAQ:DRYS) is a holding company.

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