Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Up 45.0% in March

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 532,700 shares, a growth of 45.0% from the February 28th total of 367,400 shares. Based on an average daily trading volume, of 163,400 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.2% of the shares of the stock are short sold.

Himalaya Shipping Price Performance

NYSE HSHP traded down $0.35 during trading hours on Monday, hitting $5.50. 168,285 shares of the company’s stock traded hands, compared to its average volume of 125,423. The company has a market capitalization of $219.09 million, a PE ratio of 11.45 and a beta of 2.32. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. Himalaya Shipping has a 52-week low of $4.48 and a 52-week high of $9.76. The firm’s 50-day moving average is $5.28 and its 200-day moving average is $6.08.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter. The firm had revenue of $29.60 million for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%.

Himalaya Shipping Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.005 per share. This represents a $0.06 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. Himalaya Shipping’s payout ratio is currently 33.33%.

Hedge Funds Weigh In On Himalaya Shipping

Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in shares of Himalaya Shipping during the 3rd quarter valued at approximately $116,000. State Street Corp boosted its position in shares of Himalaya Shipping by 1.7% during the third quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after buying an additional 6,090 shares during the period. Barclays PLC lifted its stake in Himalaya Shipping by 143.3% during the 3rd quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after acquiring an additional 67,149 shares in the last quarter. Salvus Wealth Management LLC increased its stake in Himalaya Shipping by 27.6% during the fourth quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock worth $63,000 after purchasing an additional 2,825 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Himalaya Shipping in the fourth quarter valued at approximately $66,000. 22.33% of the stock is owned by hedge funds and other institutional investors.

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.