Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Update

Himalaya Shipping Ltd. (NYSE:HSHP) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 769,000 shares, a growth of 44.4% from the March 15th total of 532,700 shares. Based on an average daily trading volume, of 188,400 shares, the days-to-cover ratio is presently 4.1 days. Currently, 1.7% of the company’s shares are sold short.

Himalaya Shipping Trading Up 1.3 %

Shares of NYSE:HSHP traded up $0.06 during midday trading on Friday, hitting $4.58. 43,840 shares of the stock traded hands, compared to its average volume of 133,072. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34. The stock has a market capitalization of $182.60 million, a PE ratio of 9.54 and a beta of 1.95. The business’s 50 day moving average is $5.28 and its two-hundred day moving average is $5.74. Himalaya Shipping has a one year low of $4.29 and a one year high of $9.76.

Himalaya Shipping (NYSE:HSHP) last posted 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 13.36% and a net margin of 17.03%. The business had revenue of $29.60 million for the quarter.

Himalaya Shipping Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 15th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, April 15th. Himalaya Shipping’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Investors Weigh In On Himalaya Shipping

A number of institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake in Himalaya Shipping by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 186,367 shares of the company’s stock valued at $901,000 after purchasing an additional 2,483 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in Himalaya Shipping by 27.6% during the 4th quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock valued at $63,000 after purchasing an additional 2,825 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Himalaya Shipping by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 346,530 shares of the company’s stock worth $1,684,000 after purchasing an additional 2,910 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Himalaya Shipping by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,124 shares of the company’s stock valued at $69,000 after purchasing an additional 4,680 shares in the last quarter. Finally, State Street Corp increased its holdings in Himalaya Shipping by 1.7% in the 3rd 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 in the last quarter. 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.