Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 509,700 shares, a growth of 40.9% from the November 30th total of 361,700 shares. Approximately 1.2% of the company's shares are sold short. Based on an average trading volume of 128,700 shares, the short-interest ratio is currently 4.0 days.
Himalaya Shipping Trading Down 0.2 %
Shares of HSHP traded down $0.01 during mid-day trading on Monday, reaching $4.84. The company had a trading volume of 55,298 shares, compared to its average volume of 108,194. 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 stock has a market cap of $192.99 million, a price-to-earnings ratio of 3.48 and a beta of 2.36. The firm has a fifty day simple moving average of $6.16 and a 200-day simple moving average of $7.39. Himalaya Shipping has a fifty-two week low of $4.54 and a fifty-two week high of $9.76.
Himalaya Shipping Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, December 16th. This represents a $0.12 annualized dividend and a yield of 2.48%. Himalaya Shipping's dividend payout ratio is presently 14.39%.
Hedge Funds Weigh In On Himalaya Shipping
Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its position in Himalaya Shipping by 166.0% in the second quarter. Hsbc Holdings PLC now owns 95,767 shares of the company's stock valued at $845,000 after purchasing an additional 59,765 shares during the period. Bank of New York Mellon Corp lifted its position in Himalaya Shipping by 17.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company's stock worth $770,000 after acquiring an additional 12,400 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Himalaya Shipping in the 3rd quarter worth approximately $87,000. Rhumbline Advisers grew its position in Himalaya Shipping by 17.2% in the second quarter. Rhumbline Advisers now owns 38,407 shares of the company's stock valued at $352,000 after acquiring an additional 5,623 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Himalaya Shipping by 15.4% during the third quarter. GSA Capital Partners LLP now owns 100,405 shares of the company's stock valued at $870,000 after purchasing an additional 13,405 shares during the period. 22.33% of the stock is owned by institutional investors and hedge funds.
About Himalaya Shipping
(
Get Free Report)
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.
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