Greece's Diana Containerships is carrying out another reverse stock split to boost its share price.
The Nasdaq-listed company said it will combine every three shares into one from 25 September.
This will cut the number from 3.2m to 1.1m.
In August, Diana said it would undertake a one-for-seven reverse split to cut the number from 5.3m to 800,000.
Nasdaq had put the Simeon Palios-led company on notice as non-compliant due to its low share price of below $1. It is now $0.42.
In July, the company also received a notice of non-compliance about the market value of its publicly held shares, with the Nasdaq requiring a $5m minimum.
Its market cap was quoted at $0.317m on Monday.
