Short Interest in Himalaya Shipping Ltd. (NYSE:HSHP) Expands By 45.0%

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 532,700 shares, a growth of 45.0% from the February 28th total of 367,400 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 163,400 shares, the short-interest ratio is presently 3.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. 4WEALTH Advisors Inc. purchased a new position in Himalaya Shipping during the fourth quarter valued at $333,000. Barclays PLC lifted its stake in Himalaya Shipping by 143.3% in the 3rd quarter. Barclays PLC now owns 114,004 shares of the company’s stock valued at $987,000 after buying an additional 67,149 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Himalaya Shipping by 130.7% in the 4th 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. Marshall Wace LLP increased its stake in Himalaya Shipping by 317.6% during the 4th quarter. Marshall Wace LLP now owns 76,951 shares of the company’s stock worth $374,000 after buying an additional 58,526 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Himalaya Shipping by 57.0% during the fourth quarter. Citadel Advisors LLC now owns 130,118 shares of the company’s stock valued at $632,000 after acquiring an additional 47,231 shares during the last quarter. Hedge funds and other institutional investors own 22.33% of the company’s stock.

Himalaya Shipping Stock Performance

Shares of NYSE:HSHP traded down $0.35 during trading on Monday, hitting $5.50. The stock had a trading volume of 168,285 shares, compared to its average volume of 125,423. 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 has a 12-month low of $4.48 and a 12-month high of $9.76. The stock has a market capitalization of $219.09 million, a price-to-earnings ratio of 11.45 and a beta of 2.32. The stock has a 50-day simple moving average of $5.28 and a two-hundred day simple moving average of $6.08.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) 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 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 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. Himalaya Shipping’s payout ratio is currently 33.33%.

Himalaya Shipping Company Profile

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.