Diana Shipping Inc. (NYSE:DSX) Short Interest Update

Diana Shipping Inc. (NYSE:DSX) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,040,000 shares, a growth of 17.6% from the February 13th total of 884,200 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 428,100 shares, the days-to-cover ratio is presently 2.4 days.

Diana Shipping Stock Down 0.3 %

Shares of DSX opened at $1.80 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. The company has a 50-day simple moving average of $1.83 and a 200-day simple moving average of $2.05. Diana Shipping has a 52 week low of $1.72 and a 52 week high of $3.22. The firm has a market capitalization of $224.65 million, a P/E ratio of 59.85 and a beta of 1.00.

Diana Shipping Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 2.23%. Diana Shipping’s dividend payout ratio (DPR) is -400.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th.

Institutional Trading of Diana Shipping

Hedge funds have recently modified their holdings of the company. Sheaff Brock Investment Advisors LLC raised its stake in shares of Diana Shipping by 43.1% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company’s stock valued at $42,000 after purchasing an additional 6,500 shares in the last quarter. Walleye Capital LLC increased its holdings in Diana Shipping by 55.1% in the 3rd quarter. Walleye Capital LLC now owns 48,067 shares of the shipping company’s stock valued at $124,000 after buying an additional 17,067 shares during the period. Total Wealth Planning & Management Inc. acquired a new position in shares of Diana Shipping in the 4th quarter valued at $38,000. Jane Street Group LLC bought a new position in shares of Diana Shipping during the 4th quarter worth about $43,000. Finally, XTX Topco Ltd bought a new position in shares of Diana Shipping during the 3rd quarter worth about $64,000. 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.