Short Interest in Diana Shipping inc. (NYSE:DSX) Drops By 41.6%

Key Points

• Diana Shipping Inc. saw its short interest decrease by 41.6% in August, with total short interest down to 519,100 shares from 888,700 shares.
• The company recently announced a quarterly dividend of $0.01 per share, with a dividend payout ratio of 66.67% and a yield of 2.4%.
• Diana Shipping's shares traded up 2.1% to $1.68 recently, with a market capitalization of $193.91 million and a PE ratio of 27.92.

Diana Shipping inc. (NYSE:DSX - Get Free Report) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 519,100 shares, adeclineof41.6% from the July 31st total of 888,700 shares. Approximately0.8% of the company's shares are sold short. Based on an average daily volume of 304,000 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 304,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately0.8% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Diana Shipping from a "sell" rating to a "hold" rating in a report on Saturday, May 24th.

Diana Shipping Trading Up 2.1%

Shares of DSX stock traded up $0.04 during trading hours on Friday, hitting $1.68. The company had a trading volume of 270,236 shares, compared to its average volume of 325,334. The company's fifty day moving average is $1.58 and its 200 day moving average is $1.58. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.58 and a quick ratio of 2.52. Diana Shipping has a fifty-two week low of $1.27 and a fifty-two week high of $2.58. The stock has a market capitalization of $193.91 million, a PE ratio of 27.92 and a beta of 0.83.

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

Diana Shipping Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 21st. Diana Shipping's dividend payout ratio is presently 66.67%.

Institutional Investors Weigh In On Diana Shipping

Several large investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in Diana Shipping during the 1st quarter worth approximately $26,000. Total Wealth Planning & Management Inc. purchased a new stake in Diana Shipping during the 4th quarter worth approximately $38,000. Virtu Financial LLC purchased a new stake in Diana Shipping during the 1st quarter worth approximately $33,000. Jane Street Group LLC purchased a new stake in Diana Shipping during the 4th quarter worth approximately $43,000. Finally, State of Wyoming purchased a new stake in Diana Shipping during the 1st quarter worth approximately $44,000. 48.68% of the stock is owned by hedge funds and other institutional investors.

About Diana Shipping

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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