Paulson & Co. has cut its holding in International Seaways.
The John Paulson-led investment firm now owns 1.67 million shares in the tanker owner down from just over 2 million reported two months ago and the 2.9 million in mid-March.
The position is good for 5.7% of all outstanding shares.
The move drops Paulson & Co. to International Seaways fifth largest shareholder, behind Vanguard, Donald Smith & Co.,
