Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Update

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 577,082 shares, a growth of 45.9% from the February 12th total of 395,483 shares. Based on an average daily volume of 449,012 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 449,012 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Himalaya Shipping

Hedge funds and other institutional investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ bought a new position in Himalaya Shipping in the 3rd quarter valued at about $33,000. BNP Paribas Financial Markets increased its holdings in Himalaya Shipping by 80.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company’s stock worth $47,000 after purchasing an additional 2,519 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Himalaya Shipping by 326.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,024 shares of the company’s stock worth $52,000 after purchasing an additional 6,909 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of Himalaya Shipping in the third quarter worth approximately $86,000. Finally, Ballentine Partners LLC bought a new position in shares of Himalaya Shipping in the fourth quarter valued at approximately $101,000. 22.33% of the stock is owned by institutional investors.

Himalaya Shipping Price Performance

HSHP stock opened at $12.50 on Friday. The stock’s 50 day simple moving average is $11.44 and its 200 day simple moving average is $9.46. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 4.12. Himalaya Shipping has a fifty-two week low of $4.29 and a fifty-two week high of $14.95.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%. The firm had revenue of $43.70 million for the quarter, compared to the consensus estimate of $41.80 million.

Himalaya Shipping Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, March 16th.

Analyst Ratings Changes

A number of equities analysts have issued reports on HSHP shares. Weiss Ratings restated a “hold (c)” rating on shares of Himalaya Shipping in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Himalaya Shipping from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.