Diana Shipping Inc. (NYSE:DSX - Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 1,040,000 shares, an increase of 17.6% from the February 13th total of 884,200 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 428,100 shares, the days-to-cover ratio is currently 2.4 days.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Diana Shipping from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th.
View Our Latest Analysis on DSX
Diana Shipping Price Performance
Shares of DSX traded down $0.05 during trading hours on Friday, hitting $1.74. The stock had a trading volume of 527,330 shares, compared to its average volume of 561,279. The company's fifty day moving average is $1.82 and its two-hundred day moving average is $2.04. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. Diana Shipping has a 52 week low of $1.72 and a 52 week high of $3.22. The stock has a market capitalization of $217.14 million, a price-to-earnings ratio of 57.85 and a beta of 1.00.
Diana Shipping Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Wednesday, March 12th. Diana Shipping's payout ratio is -400.00%.
Institutional Investors Weigh In On Diana Shipping
Large investors have recently made changes to their positions in the company. Total Wealth Planning & Management Inc. bought a new stake in shares of Diana Shipping in the 4th quarter worth about $38,000. Sheaff Brock Investment Advisors LLC grew its holdings in Diana Shipping by 43.1% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company's stock worth $42,000 after acquiring an additional 6,500 shares during the last quarter. Jane Street Group LLC bought a new stake in Diana Shipping during the 4th quarter worth about $43,000. Rathbones Group PLC bought a new stake in Diana Shipping during the 4th quarter worth about $54,000. Finally, Two Sigma Securities LLC bought a new stake in Diana Shipping during the 4th quarter worth about $62,000. Institutional investors own 48.68% of the company's stock.
About Diana Shipping
(
Get Free Report)
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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