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

Himalaya Shipping Ltd. (NYSE:HSHP) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 367,400 shares, a drop of 36.6% from the February 13th total of 579,300 shares. Based on an average daily trading volume, of 163,800 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.8% of the shares of the company are short sold.

Himalaya Shipping Stock Performance

HSHP traded up $0.04 during trading on Friday, reaching $5.75. The company’s stock had a trading volume of 106,280 shares, compared to its average volume of 120,841. Himalaya Shipping has a 52-week low of $4.48 and a 52-week high of $9.76. The company’s fifty day moving average price is $5.10 and its 200-day moving average price is $6.20. The company has a market capitalization of $229.05 million, a price-to-earnings ratio of 11.97 and a beta of 2.32. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%. The company had revenue of $29.60 million for the quarter.

Himalaya Shipping Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, March 19th will be issued a $0.005 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, March 18th. Himalaya Shipping’s dividend payout ratio is presently 39.58%.

Institutional Investors Weigh In On Himalaya Shipping

Several institutional investors have recently modified their holdings of HSHP. GSA Capital Partners LLP boosted its stake in shares of Himalaya Shipping by 15.4% during the 3rd quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock worth $870,000 after acquiring an additional 13,405 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Himalaya Shipping during the 3rd quarter worth approximately $116,000. State Street Corp boosted its stake in shares of Himalaya Shipping by 1.7% during the 3rd quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after acquiring an additional 6,090 shares in the last quarter. Barclays PLC boosted its stake in shares of Himalaya Shipping by 143.3% during the 3rd quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after acquiring an additional 67,149 shares in the last quarter. Finally, Salvus Wealth Management LLC raised its position 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 worth $63,000 after purchasing an additional 2,825 shares during the last quarter. Hedge funds and other institutional investors 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.