Is FREESEAS INC ORDINARY SHARES (OTCMKTS:FREEF)’s Fuel Running Low? Reports Show More Sellers

July 27, 2018 - By Ash Maslow

The stock of FREESEAS INC ORDINARY SHARES (OTCMKTS:FREEF) registered an increase of 103.33% in short interest. FREEF’s total short interest was 30,500 shares in July as published by FINRA. Its up 103.33% from 15,000 shares, reported previously. With 566,100 shares average volume, it will take short sellers 0 days to cover their FREEF’s short positions.

The stock decreased 17.81% or $0.001 during the last trading session, reaching $0.003. About shares traded. FreeSeas Inc. (OTCMKTS:FREEF) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

FreeSeas Inc., a drybulk shipping company, through its subsidiaries, engages in the transportation of drybulk cargoes. The company has market cap of $504. The firm transports various drybulk commodities, including iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. It currently has negative earnings. It operates two handysize dry bulk carriers.

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