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

Himalaya Shipping Ltd. (NYSE:HSHP) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 339,400 shares, a growth of 15.6% from the October 15th total of 293,700 shares. Based on an average trading volume of 105,400 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Himalaya Shipping

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its stake in Himalaya Shipping by 1.7% during the 3rd quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after acquiring an additional 6,090 shares during the period. Barclays PLC increased its stake in shares of Himalaya Shipping by 143.3% in the third quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after purchasing an additional 67,149 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Himalaya Shipping by 15.4% during the 3rd quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock valued at $870,000 after purchasing an additional 13,405 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Himalaya Shipping by 166.0% during the 2nd quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock valued at $845,000 after buying an additional 59,765 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Himalaya Shipping by 17.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock valued at $770,000 after buying an additional 12,400 shares in the last quarter. 22.33% of the stock is currently owned by hedge funds and other institutional investors.

Himalaya Shipping Trading Up 0.1 %

Shares of Himalaya Shipping stock opened at $7.29 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 4.34. The firm’s 50-day moving average is $7.57 and its 200 day moving average is $8.08. Himalaya Shipping has a 1 year low of $4.95 and a 1 year high of $9.76.

Himalaya Shipping (NYSE:HSHP) last posted its earnings results on Friday, August 16th. The company reported $0.16 EPS for the quarter. The business had revenue of $31.20 million during the quarter. Himalaya Shipping had a net margin of 21.93% and a return on equity of 15.72%.

Himalaya Shipping Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a $0.04 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.48 annualized dividend and a yield of 6.58%.

Wall Street Analysts Forecast Growth

Separately, DNB Markets cut shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a research report on Monday, August 19th.

About Himalaya Shipping

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.