Short Interest Update on DHT Holdings (DHT)

DHT Holdings (DHT) : The traders have covered their outstanding shorts in DHT Holdings (DHT) to the tune of -92,585 shares, a change of -1%. As on Jul 29, 2016, the outstanding shorts on the stock were 9,700,746 shares, however, by August 15, 2016, the shorts had reduced to 9,608,161 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 10.5% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 2,820,574 shares. The short interest information was released on Wednesday Aug 24th after the market close.

DHT Holdings (NYSE:DHT): The stock opened at $5.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.06 for the day. The stock traded down to $4.70 during the day, due to lack of any buying support eventually closed down at $4.72 with a loss of -7.09% for the day. The stock had closed at $5.08 on the previous day. The total traded volume was 4,996,323 shares.


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.

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