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

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 404,700 shares, a decline of 20.6% from the December 15th total of 509,700 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 133,500 shares, the days-to-cover ratio is presently 3.0 days.

Himalaya Shipping Stock Performance

Shares of NYSE:HSHP traded down $0.18 during midday trading on Thursday, reaching $5.01. 151,988 shares of the company’s stock traded hands, compared to its average volume of 151,249. The company has a fifty day simple moving average of $5.70 and a two-hundred day simple moving average of $7.06. Himalaya Shipping has a 1 year low of $4.54 and a 1 year high of $9.76. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34.

Himalaya Shipping Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Tuesday, January 21st will be given a $0.005 dividend. The ex-dividend date is Monday, January 20th. This represents a $0.06 annualized dividend and a dividend yield of 1.20%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Salvus Wealth Management LLC increased its stake in Himalaya Shipping by 27.6% during the 4th quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock worth $63,000 after buying an additional 2,825 shares in the last quarter. Rhumbline Advisers increased its position in shares of Himalaya Shipping by 17.2% during the second quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock worth $352,000 after purchasing an additional 5,623 shares in the last quarter. State Street Corp raised its stake in Himalaya Shipping by 1.7% in the 3rd quarter. State Street Corp now owns 366,210 shares of the company’s stock valued at $3,171,000 after purchasing an additional 6,090 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Himalaya Shipping in the 3rd quarter valued at $87,000. Finally, Bank of New York Mellon Corp boosted its stake in Himalaya Shipping by 17.3% during the 2nd 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 during the last quarter. Institutional investors and hedge funds 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.