Trading was heavy with 442K shares changing hands on Tuesday. Overall, volume was up 83.77% over the stocks normal daily volume.
Investors are feeling more bearish on the company if you take note of the increase in short interest. The company recorded a rise in short interest of 4.65% as of the latest report on October 13, 2017. Short interest increased 56,415 over that timeframe. With short interest at 1,269,280 and short average daily volume at 141,664, days to cover is 9.0 and the short interest percentage is 0.01% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (GOGL). Trexquant Investment LP downsized its stake by selling 38,712 shares a decrease of 61.8% from 06/30/2017 to 09/30/2017. Trexquant Investment LP owns 23,910 shares worth $187,000. The total value of its holdings decreased 55.6%. As of the end of the quarter Dimensional Fund Advisors LP had disposed of 11,931 shares trimming its holdings by 3.4%. The value in dollars went from $2,328,000 to $2,623,000 increasing 12.7% since the last quarter.
As of quarter end Edmond DE Rothschild Holding S.a. had sold a total of 16,950 shares trimming its stake by 49.6%. The value of the investment in Golden Ocean Gp Cmn decreased from $229,000 to $135,000 a change of 41.0% for the reporting period. As of the end of the quarter Canyon Capital Advisors LLC had disposed of 79,680 shares trimming its position 11.9%. The value of the investment in GOGL went from $4,472,000 to $4,612,000 a change of $140,000 quarter over quarter.
The company is down from yesterday’s close of 7.22. The P/E ratio is N/A and market capitalization is 1.00B. As of the last earnings report the EPS was $-0.40 with 140.14M shares presently outstanding.
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, launched on November 8, 2004, is an international dry bulk shipping company. The Company is involved in the transportation of dry bulk cargoes. The Company owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers, along worldwide shipping routes. The Business’s fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings..