In a filing, Genco Shipping & Trading Limited revealed its Chairman, CEO, and President WOBENSMITH JOHN C unloaded Company’s shares for reported $0.36 million on Sep 12 ’25. In the deal valued at $18.12 per share,20,000 shares were sold. As a result of this transaction, WOBENSMITH JOHN C now holds 525,733 shares worth roughly $9.84 million.
Then, WOBENSMITH JOHN C sold 19,000 shares, generating $350,360 in total proceeds. Upon selling the shares at $18.44, the Chairman, CEO, and President now owns 506,733 shares.
Before that, John C. Wobensmith bought 82,752 shares. Genco Shipping & Trading Limited shares valued at $1,469,675 were divested by the Chairman of the Board, CEO and at a price of $17.76 per share.
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 Friday, Genco Shipping & Trading Limited [NYSE:GNK] saw its stock fall -0.53% to $18.71. Over the last five days, the stock has gained 3.83%. Genco Shipping & Trading Limited shares have risen nearly 7.04% since the year began. Nevertheless, the stocks have risen 34.22% 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 2025-08-29, dropping by 37594.0 shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on 2025-07-31 was 3.1 million shares. There was a decline of -1.23%, 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.
