Genco Shipping & Trading Limited’s filing revealed that its CEO, President, and Secretary WOBENSMITH JOHN C unloaded Company’s shares for reported $0.13 million on Mar 04 ’25. In the deal valued at $14.12 per share,9,533 shares were sold. As a result of this transaction, WOBENSMITH JOHN C now holds 505,831 shares worth roughly $8.56 million.
Then, Christensen Jesper sold 13,602 shares, generating $189,855 in total proceeds. Upon selling the shares at $13.96, the Chief Commercial Officer now owns 57,322 shares.
Before that, Allen Peter George sold 8,984 shares. Genco Shipping & Trading Limited shares valued at $125,396 were divested by the Chief Financial Officer at a price of $13.96 per share. As a result of the transaction, Allen Peter George now holds 45,251 shares, worth roughly $0.77 million.
Stifel downgraded its Genco Shipping & Trading Limited [GNK] rating to a Hold from a a Buy in a research note published on October 23, 2024; the price target was decreased to $17 from $26. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Stifel began covering GNK with “Buy” recommendation on September 30, 2022. Alliance Global Partners started covering the stock on August 03, 2022. It rated GNK as “a Buy”.
Price Performance Review of GNK
On Tuesday, Genco Shipping & Trading Limited [NYSE:GNK] saw its stock jump 4.06% to $16.93. Over the last five days, the stock has gained 5.29%. Genco Shipping & Trading Limited shares have fallen nearly -9.66% since the year began. Nevertheless, the stocks have risen 21.45% over the past one year.
How much short interest is there in Genco Shipping & Trading Limited?
A steep rise in short interest was recorded in Genco Shipping & Trading Limited stocks on 2025-07-15, dropping by 17454.0 shares to a total of 2.54 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-13 was 2.56 million shares. There was a decline of -0.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 21, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
