Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 959,600 shares, a growth of 24.8% from the March 31st total of 769,000 shares. Currently, 2.1% of the company's shares are sold short. Based on an average trading volume of 188,300 shares, the short-interest ratio is currently 5.1 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AM Investment Strategies LLC bought a new stake in shares of Himalaya Shipping in the 4th quarter valued at about $49,000. Price T Rowe Associates Inc. MD purchased a new position in Himalaya Shipping in the fourth quarter worth $59,000. Salvus Wealth Management LLC lifted its holdings in shares of Himalaya Shipping by 27.6% during the 4th quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company's stock valued at $63,000 after purchasing an additional 2,825 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Himalaya Shipping in the 4th quarter worth $66,000. Finally, Intech Investment Management LLC purchased a new position in Himalaya Shipping during the 4th quarter worth $68,000. 22.33% of the stock is currently owned by hedge funds and other institutional investors.
Himalaya Shipping Trading Up 0.4 %
Shares of NYSE HSHP traded up $0.02 during trading hours on Friday, reaching $5.42. The stock had a trading volume of 92,951 shares, compared to its average volume of 131,981. The business's fifty day moving average price is $5.26 and its two-hundred day moving average price is $5.47. The firm has a market cap of $216.10 million, a price-to-earnings ratio of 11.29 and a beta of 1.95. Himalaya Shipping has a 52-week low of $4.29 and a 52-week 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 (NYSE:HSHP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%. The company had revenue of $29.60 million during the quarter.
Himalaya Shipping Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.30 dividend on an annualized basis and a yield of 5.54%. This is a positive change from Himalaya Shipping's previous monthly dividend of $0.01. Himalaya Shipping's dividend payout ratio is currently 27.08%.
Himalaya Shipping Company Profile
(
Get Free Report)
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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