Short Interest in Diana Shipping Inc. (NYSE:DSX) Expands By 7.6%

Diana Shipping Inc. (NYSE:DSX) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 1,420,000 shares, a growth of 7.6% from the July 15th total of 1,320,000 shares. Based on an average trading volume of 738,500 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.9% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a $3.00 target price on shares of Diana Shipping in a research report on Tuesday, May 28th.

Diana Shipping Stock Up 0.4 %

DSX traded up $0.01 on Monday, hitting $2.48. 243,089 shares of the company were exchanged, compared to its average volume of 685,232. The stock’s fifty day moving average is $2.73 and its 200-day moving average is $2.89. Diana Shipping has a 12 month low of $2.35 and a 12 month high of $3.80. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.08 and a current ratio of 2.14. The company has a market cap of $310.22 million, a PE ratio of 11.27 and a beta of 1.14.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Tuesday, May 28th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $54.38 million for the quarter. Diana Shipping had a return on equity of 5.34% and a net margin of 6.81%. Equities research analysts predict that Diana Shipping will post 0.26 EPS for the current fiscal year.

Diana Shipping Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 12.10%. The ex-dividend date is Thursday, August 15th. Diana Shipping’s dividend payout ratio is currently 136.36%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Scott & Selber Inc. acquired a new stake in Diana Shipping in the 2nd quarter valued at about $30,000. Jump Financial LLC acquired a new stake in shares of Diana Shipping in the fourth quarter valued at approximately $31,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Diana Shipping during the 2nd quarter worth approximately $38,000. Choreo LLC bought a new position in shares of Diana Shipping during the 2nd quarter worth approximately $38,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Diana Shipping during the 4th quarter worth approximately $48,000. Institutional investors own 48.68% of the company’s stock.

Diana Shipping Company Profile

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.