Himalaya Shipping Ltd. (NYSE:HSHP) Sees Significant Growth in Short Interest

Himalaya Shipping Ltd. (NYSE:HSHP) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 532,700 shares, a growth of 45.0% from the February 28th total of 367,400 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 163,400 shares, the days-to-cover ratio is currently 3.3 days.

Himalaya Shipping Stock Down 0.6 %

Shares of HSHP traded down $0.04 on Tuesday, reaching $5.45. The company’s stock had a trading volume of 104,627 shares, compared to its average volume of 125,351. Himalaya Shipping has a twelve month low of $4.48 and a twelve month high of $9.76. The stock has a market capitalization of $217.09 million, a PE ratio of 11.34 and a beta of 2.32. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34. The firm has a fifty day moving average of $5.29 and a 200-day moving average of $6.06.

Himalaya Shipping (NYSE:HSHP) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%. The business had revenue of $29.60 million during the quarter.

Himalaya Shipping Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, March 19th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.06 dividend on an annualized basis and a yield of 1.10%. Himalaya Shipping’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Investors Weigh In On Himalaya Shipping

Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd bought a new position in shares of Himalaya Shipping during the 3rd quarter valued at approximately $116,000. State Street Corp grew its holdings in Himalaya Shipping by 1.7% during the third quarter. State Street Corp now owns 366,210 shares of the company’s stock valued at $3,171,000 after purchasing an additional 6,090 shares during the period. Barclays PLC increased its position in Himalaya Shipping by 143.3% in the third quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after buying an additional 67,149 shares during the last quarter. Salvus Wealth Management LLC raised its stake in shares of Himalaya Shipping by 27.6% in the fourth quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock valued at $63,000 after buying an additional 2,825 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Himalaya Shipping in the fourth quarter valued at $66,000. 22.33% of the stock is currently owned by institutional investors.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.