Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Update

Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 769,000 shares, a growth of 44.4% from the March 15th total of 532,700 shares. Currently, 1.7% of the company's shares are sold short. Based on an average daily volume of 188,400 shares, the days-to-cover ratio is currently 4.1 days.

Hedge Funds Weigh In On Himalaya Shipping

Institutional investors have recently made changes to their positions in the business. 4WEALTH Advisors Inc. acquired a new stake in shares of Himalaya Shipping during the 4th quarter valued at approximately $333,000. Barclays PLC lifted its holdings 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 purchasing an additional 67,149 shares during the period. JPMorgan Chase & Co. raised its position in shares of Himalaya Shipping by 130.7% during 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 in the last quarter. Marshall Wace LLP raised its position in shares of Himalaya Shipping by 317.6% during the 4th quarter. Marshall Wace LLP now owns 76,951 shares of the company's stock worth $374,000 after buying an additional 58,526 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Himalaya Shipping by 57.0% during the 4th quarter. Citadel Advisors LLC now owns 130,118 shares of the company's stock worth $632,000 after buying an additional 47,231 shares in the last quarter. 22.33% of the stock is owned by institutional investors and hedge funds.

Himalaya Shipping Trading Up 9.0 %

Shares of NYSE:HSHP traded up $0.41 during trading on Wednesday, reaching $4.95. 84,580 shares of the stock were exchanged, compared to its average volume of 132,440. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. Himalaya Shipping has a 12-month low of $4.29 and a 12-month high of $9.76. The firm has a market cap of $197.36 million, a price-to-earnings ratio of 10.31 and a beta of 1.95. The firm's 50-day moving average price is $5.27 and its 200 day moving average price is $5.66.

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

Himalaya Shipping Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. Himalaya Shipping's payout ratio is 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.