Himalaya Shipping Ltd. (NYSE:HSHP – Get Free Report) 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 – Get Free Report) 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
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.
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