Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Up 24.8% in April

Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 959,600 shares, an increase of 24.8% from the March 31st total of 769,000 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 188,300 shares, the days-to-cover ratio is currently 5.1 days.

Himalaya Shipping Stock Performance

HSHP traded up $0.12 during trading on Wednesday, reaching $5.45. 145,704 shares of the company's stock were exchanged, compared to its average volume of 132,285. The company's fifty day simple moving average is $5.26 and its 200-day simple moving average is $5.48. The stock has a market capitalization of $217.09 million, a P/E ratio of 11.34 and a beta of 1.95. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. Himalaya Shipping has a 1 year low of $4.29 and a 1 year high of $9.76.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter. The company had revenue of $29.60 million for the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%.

Himalaya Shipping Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 15th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. Himalaya Shipping's dividend payout ratio is presently 27.08%.

Institutional Investors Weigh In On Himalaya Shipping

A number of hedge funds and other institutional investors have recently made changes to their positions in HSHP. Geode Capital Management LLC grew its position in Himalaya Shipping by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 346,530 shares of the company's stock valued at $1,684,000 after buying an additional 2,910 shares during the period. Northern Trust Corp grew its position in shares of Himalaya Shipping by 6.2% during the 4th quarter. Northern Trust Corp now owns 191,422 shares of the company's stock valued at $930,000 after acquiring an additional 11,222 shares during the period. Hsbc Holdings PLC increased its stake in shares of Himalaya Shipping by 1.4% in the 4th quarter. Hsbc Holdings PLC now owns 186,367 shares of the company's stock valued at $901,000 after purchasing an additional 2,483 shares in the last quarter. Citadel Advisors LLC raised its holdings in Himalaya Shipping by 57.0% in the 4th quarter. Citadel Advisors LLC now owns 130,118 shares of the company's stock worth $632,000 after purchasing an additional 47,231 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Himalaya Shipping by 130.7% in the fourth quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company's stock valued at $572,000 after buying an additional 66,713 shares in 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.