DHT Holdings (NYSE:DHT) stated gains of 1,916,555 shares or 33.3% in the short interest. The short interest registered from 5,760,066 on May 31,2016 to 7,676,621 on June 15,2016. In terms of floated shares, the shorted positions stood at 8.8%. The stock has been averaging 2,970,963 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
DHT Holdings (NYSE:DHT): The stock opened at $4.97 on Friday but the bulls could not build on the opening and the stock topped out at $5.25 for the day. The stock traded down to $4.97 during the day, due to lack of any buying support eventually closed down at $5.14 with a loss of -1.91% for the day. The stock had closed at $5.24 on the previous day. The total traded volume was 2,805,354 shares.
The company shares have dropped -35.18% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $8.99 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.44 and the 200 Day Moving Average price is recorded at $6.04.
Stocks of DHT Holdings (NYSE:DHT) rallied by 1.58% during the past week but lost 4.81% on a 4-week basis. The company has outperformed the S&P 500 by 3.27% in the past week but underperformed the index by 1.93% in the last 4 weeks.
DHT Holdings, Inc. (DHT) is engaged in the ownership and operation of a fleet of crude oil carriers. The Companys fleet consists of eighteen crude oil tankers in operation, of which all are wholly owned by the Company. The fleet in operation consists of 14 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt); two Suezmax tankers (Suezmaxes), which are tankers ranging in size from 130,000 to 170,000 dwt, and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt. Nine of its eighteen vessels in operation are on charters for periods of up to six and half years, of which eight vessels are on fixed rate charter and one vessel is on a charter with earnings related to an index.