Diana Shipping Inc. (NYSE:DSX - Get Free Report) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,320,000 shares, an increase of 7.3% from the October 31st total of 1,230,000 shares. Currently, 1.8% of the company's stock are short sold. Based on an average trading volume of 581,800 shares, the short-interest ratio is currently 2.3 days.
Diana Shipping Price Performance
DSX stock traded up $0.03 during trading on Tuesday, hitting $1.94. The company had a trading volume of 758,310 shares, compared to its average volume of 945,329. The company has a fifty day moving average price of $2.25 and a two-hundred day moving average price of $2.54. Diana Shipping has a fifty-two week low of $1.73 and a fifty-two week high of $3.48. The company has a market cap of $242.17 million, a P/E ratio of 64.52 and a beta of 1.09. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27.
Diana Shipping Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $0.04 annualized dividend and a yield of 2.07%. Diana Shipping's payout ratio is 1,000.33%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. acquired a new stake in Diana Shipping during the 3rd quarter worth $3,164,000. Marshall Wace LLP grew its stake in shares of Diana Shipping by 197.9% in the second quarter. Marshall Wace LLP now owns 403,909 shares of the shipping company's stock valued at $1,155,000 after buying an additional 268,337 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Diana Shipping during the 2nd quarter worth about $257,000. GSA Capital Partners LLP bought a new stake in Diana Shipping in the third quarter valued at approximately $176,000. Finally, XTX Topco Ltd bought a new position in shares of Diana Shipping in the third quarter valued at about $64,000. Institutional investors and hedge funds own 48.68% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Diana Shipping from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th.
Read Our Latest Stock Report on Diana Shipping
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.
Read More
Before you consider Diana Shipping, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diana Shipping wasn't on the list.
While Diana Shipping currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
