Diana Shipping inc. (NYSE:DSX) Short Interest Update

Key Points

• Diana Shipping experienced a significant increase in short interest, rising by 62.5% in July, with about 1.4% of the company's shares currently being short sold.
• Analysts have upgraded Diana Shipping's rating from "sell" to "hold", reflecting improved market sentiment towards the stock.
• The company announced a quarterly dividend of $0.01 per share, representing an annualized yield of 2.4%, set to be paid on September 11th.

Diana Shipping inc. (NYSE:DSX - Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 888,700 shares, anincreaseof62.5% from the July 15th total of 546,900 shares. Approximately1.4% of the company's shares are short sold. Based on an average daily volume of 273,400 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 273,400 shares, the days-to-cover ratio is currently 3.3 days. Approximately1.4% of the company's shares are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen raised Diana Shipping from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th.

Diana Shipping Stock Performance

DSX traded up $0.09 during trading on Monday, hitting $1.64. The stock had a trading volume of 1,011,623 shares, compared to its average volume of 246,738. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.58 and a quick ratio of 2.52. The firm has a market cap of $189.86 million, a price-to-earnings ratio of 27.34 and a beta of 0.81. The company has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.60. Diana Shipping has a one year low of $1.27 and a one year high of $2.58.

Diana Shipping (NYSE:DSX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The shipping company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Diana Shipping had a return on equity of 4.09% and a net margin of 9.36%. The business had revenue of $54.69 million during the quarter, compared to the consensus estimate of $52.55 million.

Diana Shipping Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 21st. Diana Shipping's dividend payout ratio (DPR) is 66.67%.

Hedge Funds Weigh In On Diana Shipping

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. bought a new position in Diana Shipping during the 4th quarter worth approximately $38,000. Blair William & Co. IL bought a new stake in shares of Diana Shipping in the 1st quarter valued at $78,000. Millennium Management LLC acquired a new stake in shares of Diana Shipping during the fourth quarter worth $272,000. Vident Advisory LLC increased its position in shares of Diana Shipping by 27.4% during the fourth quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company's stock worth $287,000 after buying an additional 31,491 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in Diana Shipping in the fourth quarter valued at $62,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.

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