Diana Shipping inc. (DSX) Short Interest Down 27.8% in September
Diana Shipping inc. (NYSE:DSX) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 3,186,912 shares, a decline of 27.8% from the August 31st total of 4,413,438 shares. Based on an average daily volume of 517,488 shares, the days-to-cover ratio is currently 6.2 days. Approximately 5.0% of the company’s shares are sold short.
Several equities analysts have weighed in on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, September 28th. Zacks Investment Research lowered shares of Diana Shipping inc. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Jefferies Group set a $3.00 target price on shares of Diana Shipping inc. and gave the company a “hold” rating in a report on Wednesday, July 27th. Clarkson Capital reiterated a “neutral” rating on shares of Diana Shipping inc. in a report on Friday, September 23rd. Finally, Seaport Global Securities assumed coverage on shares of Diana Shipping inc. in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 target price on the stock. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.00.
A number of institutional investors have recently bought and sold shares of DSX. Franklin Resources Inc. increased its position in Diana Shipping inc. by 28.8% in the first quarter. Franklin Resources Inc. now owns 14,202,220 shares of the company’s stock valued at $37,920,000 after buying an additional 3,179,638 shares during the period. Kopernik Global Investors LLC increased its position in Diana Shipping inc. by 36.1% in the second quarter. Kopernik Global Investors LLC now owns 4,261,540 shares of the company’s stock valued at $10,357,000 after buying an additional 1,130,571 shares during the period. Parametric Portfolio Associates LLC increased its position in Diana Shipping inc. by 10.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,789,768 shares of the company’s stock valued at $4,349,000 after buying an additional 175,021 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Diana Shipping inc. during the second quarter valued at about $3,879,000. Finally, Royce & Associates LP boosted its stake in Diana Shipping inc. by 3.0% in the second quarter. Royce & Associates LP now owns 1,199,433 shares of the company’s stock valued at $2,915,000 after buying an additional 35,000 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.
Shares of Diana Shipping inc. (NYSE:DSX) opened at 2.74 on Tuesday. The stock’s market capitalization is $220.66 million. Diana Shipping inc. has a 52 week low of $1.95 and a 52 week high of $7.29. The company’s 50-day moving average is $2.56 and its 200 day moving average is $2.63.
Diana Shipping inc. (NYSE:DSX) last posted its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.01. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. The business had revenue of $28.30 million for the quarter, compared to analysts’ expectations of $28.07 million. During the same quarter last year, the business posted ($0.19) earnings per share. The business’s revenue was down 26.7% compared to the same quarter last year. On average, equities analysts forecast that Diana Shipping inc. will post ($1.65) EPS for the current fiscal year.
Diana Shipping inc. Company Profile
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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