Himalaya Shipping Ltd. (NYSE:HSHP) Sees Significant Increase in Short Interest

Himalaya Shipping Ltd. (NYSE:HSHP) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 567,400 shares, an increase of 136.6% from the May 31st total of 239,800 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily volume of 88,100 shares, the days-to-cover ratio is currently 6.4 days.

Institutional Trading of Himalaya Shipping

A number of hedge funds have recently added to or reduced their stakes in HSHP. Salvus Wealth Management LLC acquired a new stake in Himalaya Shipping during the 4th quarter worth approximately $69,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Himalaya Shipping during the fourth quarter worth $70,000. SG Americas Securities LLC acquired a new position in Himalaya Shipping during the fourth quarter worth $96,000. Barclays PLC grew its holdings in Himalaya Shipping by 8.2% during the third quarter. Barclays PLC now owns 36,159 shares of the company’s stock worth $174,000 after acquiring an additional 2,737 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in Himalaya Shipping during the fourth quarter worth $214,000. 22.33% of the stock is owned by institutional investors and hedge funds.

Himalaya Shipping Stock Up 1.6 %

NYSE:HSHP opened at $9.16 on Friday. The stock has a 50-day simple moving average of $8.70 and a 200-day simple moving average of $7.80. Himalaya Shipping has a 1 year low of $4.30 and a 1 year high of $9.76. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.62.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $23.58 million for the quarter.

Himalaya Shipping Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a $0.04 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.24%.

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.