Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Down 36.6% in February

Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 367,400 shares, a drop of 36.6% from the February 13th total of 579,300 shares. Based on an average trading volume of 163,800 shares, the short-interest ratio is currently 2.2 days. Approximately 0.8% of the shares of the stock are short sold.

Himalaya Shipping Price Performance

Shares of NYSE:HSHP traded up $0.07 during trading on Wednesday, reaching $5.77. 77,058 shares of the company's stock traded hands, compared to its average volume of 120,109. Himalaya Shipping has a fifty-two week low of $4.48 and a fifty-two week high of $9.76. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34. The firm has a market cap of $229.85 million, a PE ratio of 12.01 and a beta of 2.32. The company has a 50-day simple moving average of $5.13 and a 200-day simple moving average of $6.17.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%. The firm had revenue of $29.60 million for the quarter.

Himalaya Shipping Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, March 19th will be issued a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, March 18th. Himalaya Shipping's payout ratio is 39.58%.

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Institutional Investors Weigh In On Himalaya Shipping

Several institutional investors have recently bought and sold shares of HSHP. 4WEALTH Advisors Inc. acquired a new stake in Himalaya Shipping in the 4th quarter worth about $333,000. Barclays PLC boosted its holdings in Himalaya Shipping by 143.3% in the 3rd 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. JPMorgan Chase & Co. boosted its holdings in Himalaya Shipping by 130.7% in the 4th quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company's stock worth $572,000 after buying an additional 66,713 shares during the last quarter. Marshall Wace LLP lifted its stake in Himalaya Shipping by 317.6% in the 4th quarter. Marshall Wace LLP now owns 76,951 shares of the company's stock worth $374,000 after purchasing an additional 58,526 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in Himalaya Shipping by 57.0% in the 4th quarter. Citadel Advisors LLC now owns 130,118 shares of the company's stock worth $632,000 after purchasing an additional 47,231 shares in the last quarter. 22.33% of the stock is currently owned by institutional investors and hedge funds.

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.