Diana Shipping inc. (DSX) Short Interest Update
Diana Shipping inc. (NYSE:DSX) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 3,328,927 shares, a growth of 60.7% from the July 14th total of 2,071,413 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily volume of 509,661 shares, the days-to-cover ratio is currently 6.5 days.
Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake in Diana Shipping inc. by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock worth $528,000 after buying an additional 50,900 shares in the last quarter. Hermes Investment Management Ltd. acquired a new stake in Diana Shipping inc. during the second quarter worth $1,624,000. Ironwood Investment Management LLC increased its stake in Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after buying an additional 426 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Diana Shipping inc. during the first quarter worth $205,000. Finally, Hosking Partners LLP increased its stake in Diana Shipping inc. by 57.1% in the first quarter. Hosking Partners LLP now owns 2,253,848 shares of the shipping company’s stock worth $10,413,000 after buying an additional 819,219 shares in the last quarter. 34.73% of the stock is currently owned by hedge funds and other institutional investors.
Diana Shipping inc. (NYSE DSX) opened at 3.88 on Wednesday. The firm has a 50 day moving average of $3.99 and a 200-day moving average of $4.10. The company’s market capitalization is $375.16 million. Diana Shipping inc. has a 1-year low of $2.21 and a 1-year high of $6.20.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.01. The company had revenue of $37.75 million for the quarter, compared to analysts’ expectations of $36.21 million. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) earnings per share. On average, equities research analysts anticipate that Diana Shipping inc. will post ($0.97) earnings per share for the current fiscal year.
A number of equities research analysts have commented on DSX shares. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Wednesday, April 26th. BidaskClub cut shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and issued a $5.25 price target on shares of Diana Shipping inc. in a report on Friday, May 26th. Finally, J P Morgan Chase & Co upgraded shares of Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.07.
About Diana Shipping inc.
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
Receive News & Ratings for Diana Shipping inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping inc. and related companies with MarketBeat.com's FREE daily email newsletter.