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

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 378,500 shares, an increase of 23.8% from the August 15th total of 305,800 shares. Based on an average trading volume of 107,100 shares, the short-interest ratio is currently 3.5 days. Approximately 1.7% of the company’s stock are short sold.

Himalaya Shipping Stock Performance

HSHP stock opened at $7.94 on Tuesday. Himalaya Shipping has a twelve month low of $4.30 and a twelve month high of $9.76. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50 day moving average is $7.76 and its 200-day moving average is $8.16.

Himalaya Shipping (NYSE:HSHP) last posted its earnings results on Friday, August 16th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $31.20 million during the quarter.

Himalaya Shipping Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date of this dividend is Tuesday, September 17th. This is a positive change from Himalaya Shipping’s previous monthly dividend of $0.06.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in shares of Himalaya Shipping during the first quarter valued at approximately $771,000. Kim LLC purchased a new stake in shares of Himalaya Shipping during the fourth quarter valued at approximately $14,023,000. Russell Investments Group Ltd. purchased a new stake in Himalaya Shipping in the fourth quarter worth $214,000. Hsbc Holdings PLC increased its position in Himalaya Shipping by 166.0% in the second quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock worth $845,000 after buying an additional 59,765 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Himalaya Shipping by 17.2% in the second quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock worth $352,000 after buying an additional 5,623 shares during the last quarter. 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.