Diana Shipping Inc. (NYSE:DSX) Short Interest Update

Diana Shipping Inc. (NYSE:DSX - Get Free Report) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 1,180,000 shares, a decrease of 10.6% from the November 15th total of 1,320,000 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 625,000 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Diana Shipping from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th.

Diana Shipping Price Performance

DSX remained flat at $1.85 on Tuesday. The company had a trading volume of 535,135 shares, compared to its average volume of 665,861. Diana Shipping has a 12 month low of $1.73 and a 12 month high of $3.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. The company's 50-day moving average is $2.14 and its two-hundred day moving average is $2.46. The firm has a market cap of $231.54 million, a P/E ratio of 61.67 and a beta of 1.09.

Diana Shipping (NYSE:DSX - Get Free Report) last announced its earnings results on Monday, November 25th. The shipping company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%. The firm had revenue of $57.50 million during the quarter, compared to analysts' expectations of $55.50 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company's quarterly revenue was down 7.4% on a year-over-year basis.

Diana Shipping Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, December 11th. Diana Shipping's dividend payout ratio is currently 133.33%.

Institutional Investors Weigh In On Diana Shipping

Several institutional investors have recently made changes to their positions in the company. Scott & Selber Inc. bought a new position in Diana Shipping during the 2nd quarter valued at about $30,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Diana Shipping during the second quarter valued at approximately $38,000. Choreo LLC bought a new position in shares of Diana Shipping during the second quarter valued at approximately $38,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Diana Shipping in the third quarter worth approximately $39,000. Finally, XTX Topco Ltd bought a new stake in shares of Diana Shipping during the 3rd quarter worth approximately $64,000. Institutional investors own 48.68% of the company's stock.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.

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