Diana Containerships says its board of directors has approved a one-for-six reverse stock split, its third such move since last year.
Its shares will start trading on a split-adjusted basis as of 27 July. The company said the move will reduce the number of outstanding shares from approximately 6.1 million to 1 million
The boxship arm of the Diana group of companies has been on the Nasdaq's list of non-compliant filers since 22 May for having a bid price below $1 per share.
