Actually, it appears that there is substantially less shorting of DRYS than there used to be.
Stock Symbol: DRYS $ 76.92 DryShips Inc. 1.60 Shares Short 967,300 Days to Cover (Short Ratio) 0.6 Short % of Float 5.19 % Shares Short - Prior 1,737,000 Short % Increase / Decrease -44.31 % Squeeze Ranking� 15 % from 52-Wk HIGH ( 76.45 ) 0.61 % % from 52-Wk LOW ( 12.63 ) 83.58 % % from 200-Day MA ( 39.85 ) 48.19 % % from 50-Day MA ( 60.38 ) 21.50 % Price % Change (52-Wk) 493.10 % Trading Volume - Today 2,800,327 Trading Volume - Average 1,547,800 Trading Volume Vs. Avg. 180.92 % Total Shares - Float 18,640,000 Total Shares - Outstanding 35,490,097 % Held by Insiders 0.16 % % Held by Institutions 35.90 % Market Cap 2,729,898,261 EPS 3.08 PE Ratio 24.50 Sector: Services Industry: Shipping SI Record Date 2007-Aug
Its possible i have not done the math, that crossed my mind as well a few weeks ago. t/a wise in can certianly go higher. Just depends on exactly how overbought on short term basis it gets. But based on rsi and mov avg envelope it wont be to long and it should correct thats all. I dont own it but when i did the research about 15 bucks ago i liked it alot. I have no ax hear just some thoughts, i did not buy simply because i like 12.00 to 25.00 ish stocks. So nm for me etc subject to valuations and entry price / t/a . Glad the longs are doing well. Peace Mark