The Vetr crowd downgraded its rating for DryShips Inc. DRYS on Friday from 4 stars (Buy), issued two days ago, to 1 star (Strong Sell). Crowd sentiment in DryShips at the time of the downgrade was generally cautious, with 63 percent of Vetr user ratings bearish.
Share price in DryShips fell to new lows this week following a one-for-seven reverse stock split completed on May 11. That marks the sixth reverse split for the company in the past 15 months.
As noon Friday, DryShips was trading at $4.95.
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Currently, the Vetr crowd's average target price for DryShips is up at $6.03. Less than 2 percent of Vetr users are holding DRYS in their watch lists.
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