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

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 336,900 shares, an increase of 24.4% from the June 30th total of 270,800 shares. Based on an average trading volume of 106,900 shares, the short-interest ratio is currently 3.2 days. Approximately 1.5% of the company’s shares are short sold.

Himalaya Shipping Stock Performance

Shares of HSHP traded down $0.06 during trading on Friday, reaching $8.07. 72,261 shares of the company traded hands, compared to its average volume of 145,225. The stock has a 50-day simple moving average of $8.75 and a 200-day simple moving average of $8.05. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.04 and a quick ratio of 1.04. Himalaya Shipping has a twelve month low of $4.30 and a twelve month high of $9.76.

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

Himalaya Shipping Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be paid a $0.05 dividend. This is a positive change from Himalaya Shipping’s previous monthly dividend of $0.04. The ex-dividend date is Friday, July 19th. This represents a $0.60 annualized dividend and a dividend yield of 7.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in shares of Himalaya Shipping in the first quarter valued at approximately $771,000. Kim LLC purchased a new position in Himalaya Shipping in the fourth quarter worth approximately $14,023,000. Russell Investments Group Ltd. purchased a new position in Himalaya Shipping in the fourth quarter worth approximately $214,000. Pinnacle Wealth Planning Services Inc. purchased a new position in Himalaya Shipping in the fourth quarter worth approximately $70,000. Finally, Bank of New York Mellon Corp lifted its stake in Himalaya Shipping by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock worth $770,000 after acquiring an additional 12,400 shares during the last quarter. Hedge funds and other institutional investors own 22.33% of the company’s stock.

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.