Greek Shipper DryShips (DRYS) Goes Full Throttle Towards $3

Greece has been damaging the E.U for some time but Greek Shipper, DryShips, Inc. (NASDAQ: DRYS) paid all its investors a welcome jump yesterday. Even though DryShips spun off Ocean Rig as a stand-alone company, it still owns the majority of the driller.

That means that good news for Ocean Rig is good news for DryShips.

DryShips is simply where the action is at. The stock has been hugely volatile for years and has massive trading volume. The stock’s 10 day average daily volume is 10,597,600 shares, and yesterday it saw nearly triple that, 27.7 million shares change hands.

Those members who were with us in 2010 remember the alert we put on OceanFreight which was trading as OCNF. DryShips bought them out and investors made nearly 4,500% in 9 months.

Float: 351.91 Million
52 Week High: $5.19
52 Week Low: $1.75
Book Value: $7.87
% Held by Insiders: 13.36%. (Data provided by Thomson Reuters)

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