DryShips Halted After Soaring 1,500% In Five Days

After soaring by 1,500% in the past five days for reasons that remain largely unknown but may have to do with a jump in day rates for dry bulk shippers as well as another dramatic short squeeze within an illiquid market...

... insolvent dry bulk carrier DryShips managed to sucker in a lot of retail investors, a process which continued earlier this morning when the stock was up another 40%.

However, those same retail investors may find themselves the proverbial terminal bagholders, stuck unable to take profit as a result of a T12 trading halt in the stock which was requested by Nasdaq following an "information request."

It is not clear when and at what price the stock will reopen.