Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Up 5.7% in January

Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 503,200 shares, a growth of 5.7% from the January 15th total of 476,000 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 146,400 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Investors Weigh In On Himalaya Shipping

A number of hedge funds have recently made changes to their positions in HSHP. Hsbc Holdings PLC boosted its holdings in shares of Himalaya Shipping by 1.4% in the 4th quarter. Hsbc Holdings PLC now owns 186,367 shares of the company's stock worth $901,000 after acquiring an additional 2,483 shares in the last quarter. Salvus Wealth Management LLC increased its stake in shares of Himalaya Shipping by 27.6% in the fourth quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company's stock valued at $63,000 after buying an additional 2,825 shares in the last quarter. Geode Capital Management LLC lifted its position in Himalaya Shipping by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 346,530 shares of the company's stock worth $1,684,000 after buying an additional 2,910 shares in the last quarter. Wells Fargo & Company MN lifted its position in Himalaya Shipping by 49.6% during the 4th quarter. Wells Fargo & Company MN now owns 14,124 shares of the company's stock worth $69,000 after buying an additional 4,680 shares in the last quarter. Finally, State Street Corp increased its position in Himalaya Shipping by 1.7% in the 3rd quarter. State Street Corp now owns 366,210 shares of the company's stock valued at $3,171,000 after acquiring an additional 6,090 shares in the last quarter. Institutional investors and hedge funds own 22.33% of the company's stock.

Himalaya Shipping Price Performance

Shares of NYSE:HSHP traded up $0.26 during midday trading on Thursday, reaching $5.53. 170,368 shares of the company's stock were exchanged, compared to its average volume of 152,960. The firm has a market capitalization of $220.64 million, a PE ratio of 3.64 and a beta of 2.56. The company's 50 day simple moving average is $4.88 and its two-hundred day simple moving average is $6.45. Himalaya Shipping has a 12 month low of $4.48 and a 12 month high of $9.76. 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 (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 return on equity of 15.72% and a net margin of 21.93%.

Himalaya Shipping Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Friday, February 21st will be paid a $0.005 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.06 annualized dividend and a dividend yield of 1.08%. Himalaya Shipping's dividend payout ratio is presently 13.16%.

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.