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

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 509,700 shares, a growth of 40.9% from the November 30th total of 361,700 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 128,700 shares, the short-interest ratio is presently 4.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings 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 purchasing an additional 12,400 shares in the last quarter. Rhumbline Advisers grew its position in shares of Himalaya Shipping by 17.2% during the 2nd 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 period. Hsbc Holdings PLC increased its stake in shares of Himalaya Shipping by 166.0% in the 2nd quarter. Hsbc Holdings PLC now owns 95,767 shares of the company’s stock valued at $845,000 after acquiring an additional 59,765 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Himalaya Shipping during the 3rd quarter valued at $87,000. Finally, Creative Planning bought a new position in Himalaya Shipping during the third quarter worth $155,000. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Trading Down 0.2 %

Shares of HSHP stock traded down $0.01 on Monday, hitting $4.84. The company had a trading volume of 55,298 shares, compared to its average volume of 108,194. Himalaya Shipping has a twelve month low of $4.54 and a twelve month high of $9.76. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $192.99 million, a P/E ratio of 3.48 and a beta of 2.36. The stock’s 50-day moving average is $6.16 and its two-hundred day moving average is $7.39.

Himalaya Shipping Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, December 16th. This represents a $0.12 annualized dividend and a yield of 2.48%. Himalaya Shipping’s payout ratio is 14.39%.

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.