Himalaya Shipping Ltd. (NYSE:HSHP) Sees Large Increase in Short Interest

Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 163,400 shares, the short-interest ratio is currently 3.3 days. Approximately 1.2% of the company's shares are short sold.

Institutional Investors Weigh In On Himalaya Shipping

Large investors have recently bought and sold shares of the business. AM Investment Strategies LLC bought a new stake in shares of Himalaya Shipping during the 4th quarter worth $49,000. Price T Rowe Associates Inc. MD acquired a new position in Himalaya Shipping in the 4th quarter valued at approximately $59,000. Salvus Wealth Management LLC lifted its position in Himalaya Shipping by 27.6% in the fourth quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company's stock worth $63,000 after purchasing an additional 2,825 shares during the period. Quadrature Capital Ltd bought a new position in Himalaya Shipping during the third quarter worth about $116,000. Finally, SG Americas Securities LLC acquired a new stake in Himalaya Shipping in the 4th quarter valued at $66,000. 22.33% of the stock is currently owned by institutional investors.

Himalaya Shipping Stock Down 2.9 %

NYSE:HSHP traded down $0.16 during trading hours on Thursday, hitting $5.39. 98,844 shares of the stock traded hands, compared to its average volume of 168,522. The firm has a market cap of $214.90 million, a price-to-earnings ratio of 11.23 and a beta of 2.32. Himalaya Shipping has a fifty-two week low of $4.48 and a fifty-two week high of $9.76. 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 50 day moving average price of $5.30 and a 200 day moving average price of $6.06.

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

Himalaya Shipping Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, March 18th. Himalaya Shipping's payout ratio is presently 33.33%.

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.