Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Down 36.6% in February

by · The Cerbat Gem

Himalaya Shipping Ltd. (NYSE:HSHP – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 367,400 shares, a decline of 36.6% from the February 13th total of 579,300 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 163,800 shares, the short-interest ratio is presently 2.2 days.

Himalaya Shipping Trading Up 0.6 %

Shares of HSHP stock traded up $0.04 during mid-day trading on Friday, hitting $5.75. 106,280 shares of the company’s stock were exchanged, compared to its average volume of 120,841. The stock has a market cap of $229.05 million, a price-to-earnings ratio of 11.97 and a beta of 2.32. The stock has a 50-day simple moving average of $5.10 and a two-hundred day simple moving average of $6.20. Himalaya Shipping has a fifty-two week low of $4.48 and a fifty-two week high of $9.76. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34.

Himalaya Shipping (NYSE:HSHP – Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter. The business 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 company also recently declared a monthly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.06 annualized dividend and a yield of 1.04%. Himalaya Shipping’s dividend payout ratio is presently 39.58%.

Institutional Investors Weigh In On Himalaya Shipping

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. acquired a new stake in Himalaya Shipping during the fourth quarter worth about $75,000. Citadel Advisors LLC increased its stake in Himalaya Shipping by 57.0% during the fourth quarter. Citadel Advisors LLC now owns 130,118 shares of the company’s stock worth $632,000 after acquiring an additional 47,231 shares during the last quarter. Bank of America Corp DE increased its stake in Himalaya Shipping by 45.3% during the fourth quarter. Bank of America Corp DE now owns 28,415 shares of the company’s stock worth $138,000 after acquiring an additional 8,862 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Himalaya Shipping during the fourth quarter worth about $69,000. Finally, 4WEALTH Advisors Inc. acquired a new stake in shares of Himalaya Shipping in the fourth quarter valued at about $333,000. 22.33% of the stock is currently owned by institutional investors and hedge funds.

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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