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Nevada Capital Cuts Genco Shipping & Trading Significantly

Nevada Capital, Genco Shipping & Trading: In a filing with the Securities and Exchange Commission, Nevada Capital reported it is cutting down its stake in Genco Shipping & Trading Limited (NYSE:GNK) to 2 million shares, from the previously owned 7 million shares. In this way, Nevada Capital reduced its passive position in the company to 4.5%, versus the 15.81% stake held earlier. At the current price of Genco Shipping & Trading’s shares, the value of the stake held by Nevada Capital amounts to $6.7 million.


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