What Will Happen to FREESEAS INC ORDINARY SHARES (OTCMKTS:FREEF) Next? The Stock Has Increase in Shorts

The stock of FREESEAS INC ORDINARY SHARES (OTCMKTS:FREEF) registered an increase of 371.91% in short interest. FREEF’s total short interest was 168,000 shares in December as published by FINRA. Its up 371.91% from 35,600 shares, reported previously. With 1.08M shares average volume, it will take short sellers 0 days to cover their FREEF’s short positions.

The stock decreased 3.85% or $0.0001 during the last trading session, reaching $0.0025. About 51,686 shares traded. FreeSeas Inc. (OTCMKTS:FREEF) has 0.00% since December 8, 2017 and is . It has underperformed by 15.62% 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 $10,086. 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.

More news for FreeSeas Inc. (OTCMKTS:FREEF) were recently published by: Seekingalpha.com, which released: “A Case Study In How To Destroy Shareholder Value – Seeking Alpha” on May 11, 2016. Seekingalpha.com‘s article titled: “FreeSeas Offers Unique Opportunity For Potentially Massive Profits – Seeking Alpha” and published on October 24, 2013 is yet another important article.

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