DryShips' board of directors approved its fourth reverse stock split over the last 12 months as the George Economou-backed company tries again to keep its share price above the minimum level required for a publicly held company.
The company carried out a one-for-eight reverse split of it common shares. The split was authorised during the last shareholder meeting in October and will be effective as of the beginning of trading on 23 January.
DryShips
