Himalaya Shipping Ltd. (NYSE:HSHP – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 294,700 shares, a drop of 12.5% from the July 15th total of 336,900 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 101,100 shares, the short-interest ratio is currently 2.9 days.
Analyst Ratings Changes
Separately, DNB Markets downgraded shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a report on Monday.
Read Our Latest Stock Report on Himalaya Shipping
Himalaya Shipping Stock Down 4.2 %
Himalaya Shipping (NYSE:HSHP – Get Free Report) last announced its earnings results on Thursday, May 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $23.58 million for the quarter.
Himalaya Shipping Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.72 dividend on an annualized basis and a yield of 9.94%. This is a boost from Himalaya Shipping’s previous monthly dividend of $0.05.
Hedge Funds Weigh In On Himalaya Shipping
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSHP. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Himalaya Shipping in the fourth quarter valued at approximately $70,000. Russell Investments Group Ltd. acquired a new position in shares of Himalaya Shipping in the fourth quarter valued at approximately $214,000. Rhumbline Advisers raised its position in shares of Himalaya Shipping by 17.2% in the second quarter. Rhumbline Advisers now owns 38,407 shares of the company’s stock valued at $352,000 after buying an additional 5,623 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Himalaya Shipping by 17.3% in the second quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock valued at $770,000 after buying an additional 12,400 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Himalaya Shipping during the first quarter worth approximately $771,000. 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.
Read More
- Five stocks we like better than Himalaya Shipping
- How Technical Indicators Can Help You Find Oversold StocksĀ
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- 2 Option Strategies to Maximize Profits in a Bear Market
- What Does Downgrade Mean in Investing?
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for Himalaya Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himalaya Shipping and related companies with MarketBeat.com's FREE daily email newsletter.