Overseas Shipholding Group, Inc. (NYSE:OSG) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,341,304 shares, a growth of 48.7% from the July 14th total of 1,574,015 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average trading volume of 464,290 shares, the short-interest ratio is presently 5.0 days.

In related news, major shareholder Paulson & Co. Inc. sold 116,881 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $2.25, for a total transaction of $262,982.25. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can boosted its position in Overseas Shipholding Group by 101.4% in the first quarter. Great West Life Assurance Co. Can now owns 489,181 shares of the transportation company’s stock valued at $1,889,000 after buying an additional 246,258 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Overseas Shipholding Group by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 440,134 shares of the transportation company’s stock valued at $1,686,000 after buying an additional 91,841 shares in the last quarter. Renaissance Technologies LLC boosted its position in Overseas Shipholding Group by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 42,500 shares of the transportation company’s stock valued at $163,000 after buying an additional 13,200 shares in the last quarter. First Trust Advisors LP boosted its position in Overseas Shipholding Group by 17.8% in the first quarter. First Trust Advisors LP now owns 670,220 shares of the transportation company’s stock valued at $2,587,000 after buying an additional 101,179 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Overseas Shipholding Group during the first quarter valued at $613,000. 58.77% of the stock is currently owned by hedge funds and other institutional investors.

Overseas Shipholding Group (NYSE OSG) opened at 2.16 on Wednesday. Overseas Shipholding Group has a 52 week low of $2.11 and a 52 week high of $11.57. The company’s 50-day moving average price is $2.72 and its 200 day moving average price is $3.52. The company’s market capitalization is $189.58 million.

Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings results on Wednesday, August 9th. The transportation company reported $0.04 earnings per share for the quarter. The firm had revenue of $96.23 million for the quarter. Overseas Shipholding Group had a negative net margin of 71.11% and a positive return on equity of 10.95%. On average, analysts predict that Overseas Shipholding Group will post $0.87 EPS for the current year.

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About Overseas Shipholding Group

Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.

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