Overseas Shipholding Group Inc.’s latest rating changes from various analysts


Overseas Shipholding Group Inc.’s recent filing unveils that its 10% Owner CYRUS CAPITAL PARTNERS, L.P. unloaded Company’s shares for reported $15.34 million on Aug 24. In the deal valued at $4.05 per share,3,788,639 shares were sold. As a result of this transaction, CYRUS CAPITAL PARTNERS, L.P. now holds 7,080,071 shares worth roughly $ 30.02 million.

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Then, Norton Samuel H sold 15,041 shares, generating $60,232 in total proceeds. Upon selling the shares at $4.00, the President and CEO now owns 2,593,296 shares.

Before that, Norton Samuel H sold 22,513 shares. Overseas Shipholding Group Inc. shares valued at $90,435 were divested by the President and CEO at a price of $4.02 per share. As a result of the transaction, Norton Samuel H now holds 2,608,337 shares, worth roughly $11.06 million.

Price Performance Review of OSG

On Monday, Overseas Shipholding Group Inc. [NYSE:OSG] saw its stock jump 5.74% to $4.24. On the same session, the stock had its day’s lowest price of $4.06, but rose to a high of $4.25. Over the last five days, the stock has gained 5.21%. Overseas Shipholding Group Inc. shares have risen nearly 46.71% since the year began. Nevertheless, the stocks have risen 41.81% over the past one year. While a 52-week high of $4.51 was reached on 06/22/23, a 52-week low of $2.65 was recorded on 01/05/23. SMA at 50 days reached $4.07, while 200 days put it at $3.65. A total of 0.75 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For OSG Stock

The 24-hour chart illustrates a support level at 4.12, which if violated will result in even more drops to 3.99. On the upside, there is a resistance level at 4.31. A further resistance level may holdings at 4.37. The Relative Strength Index (RSI) on the 14-day chart is 63.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.33%. Stochastics %K at 52.41% indicates the stock is a holding.

How much short interest is there in Overseas Shipholding Group Inc.?

A steep rise in short interest was recorded in Overseas Shipholding Group Inc. stocks on Aug 14, 2023, dropping by -0.23 million shares to a total of 1.15 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.38 million shares. There was a decline of -20.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.84% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.


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