Short Interest in Himalaya Shipping Ltd. (NYSE:HSHP) Rises By 5.7%

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 503,200 shares, an increase of 5.7% from the January 15th total of 476,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 146,400 shares, the days-to-cover ratio is currently 3.4 days.

Himalaya Shipping Stock Performance

HSHP opened at $5.26 on Wednesday. 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’s 50 day moving average price is $4.88 and its 200-day moving average price is $6.46. Himalaya Shipping has a one year low of $4.48 and a one year high of $9.76.

Himalaya Shipping Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Friday, February 21st will be paid a $0.005 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.06 dividend on an annualized basis and a yield of 1.14%.

Institutional Trading of Himalaya Shipping

Several institutional investors and hedge funds have recently made changes to their positions in HSHP. Creative Planning purchased a new position in Himalaya Shipping in the 3rd quarter worth about $155,000. GSA Capital Partners LLP grew its stake in Himalaya Shipping by 15.4% in the 3rd quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock worth $870,000 after acquiring an additional 13,405 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Himalaya Shipping during the third quarter worth approximately $116,000. State Street Corp raised its stake 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 valued at $3,171,000 after acquiring an additional 6,090 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Himalaya Shipping by 143.3% in the third quarter. Barclays PLC now owns 114,004 shares of the company’s stock valued at $987,000 after purchasing an additional 67,149 shares during the period. 22.33% of the stock is currently owned by institutional investors.

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.