Short Interest in Diana Shipping Inc. (NYSE:DSX) Drops By 23.2%

Diana Shipping Inc. (NYSE:DSX - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 719,900 shares, a decrease of 23.2% from the March 15th total of 937,200 shares. Currently, 1.1% of the company's stock are short sold. Based on an average daily volume of 326,800 shares, the days-to-cover ratio is presently 2.2 days.

Diana Shipping Stock Up 1.7 %

NYSE DSX traded up $0.03 during trading hours on Thursday, reaching $1.49. 133,681 shares of the company's stock traded hands, compared to its average volume of 549,027. Diana Shipping has a 52-week low of $1.27 and a 52-week high of $3.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. The firm has a 50-day simple moving average of $1.65 and a 200 day simple moving average of $1.89. The firm has a market cap of $185.93 million, a PE ratio of 49.52 and a beta of 0.85.

Diana Shipping Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 2.69%. Diana Shipping's dividend payout ratio (DPR) is presently -400.00%.

Hedge Funds Weigh In On Diana Shipping

A number of institutional investors and hedge funds have recently modified their holdings of the company. Total Wealth Planning & Management Inc. bought a new stake in shares of Diana Shipping during the 4th quarter valued at about $38,000. Vident Advisory LLC grew its position in Diana Shipping by 27.4% during the fourth quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company's stock valued at $287,000 after buying an additional 31,491 shares during the period. Millennium Management LLC purchased a new stake in Diana Shipping during the fourth quarter valued at approximately $272,000. Jane Street Group LLC bought a new position in Diana Shipping in the fourth quarter worth approximately $43,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Diana Shipping during the 4th quarter worth $62,000. 48.68% of the stock is currently owned by hedge funds and other institutional investors.

About Diana Shipping

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.