Short Interest in Himalaya Shipping Ltd. (NYSE:HSHP) Grows By 40.9%

Himalaya Shipping Ltd. (NYSE:HSHP) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 509,700 shares, an increase of 40.9% from the November 30th total of 361,700 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 128,700 shares, the days-to-cover ratio is currently 4.0 days.

Himalaya Shipping Stock Down 0.2 %

NYSE:HSHP traded down $0.01 during trading hours on Monday, hitting $4.84. The stock had a trading volume of 55,298 shares, compared to its average volume of 108,194. The business has a 50 day simple moving average of $6.16 and a two-hundred day simple moving average of $7.39. Himalaya Shipping has a 1-year low of $4.54 and a 1-year high of $9.76. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.34. The company has a market cap of $192.99 million, a PE ratio of 3.48 and a beta of 2.36.

Himalaya Shipping Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 16th will be given a $0.01 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, December 16th. Himalaya Shipping’s payout ratio is 14.39%.

Institutional Trading of Himalaya Shipping

A number of hedge funds and other institutional investors have recently made changes to their positions in HSHP. Valeo Financial Advisors LLC acquired a new position in Himalaya Shipping in the third quarter worth $87,000. Quadrature Capital Ltd bought a new position in shares of Himalaya Shipping in the 3rd quarter worth about $116,000. Creative Planning acquired a new position in shares of Himalaya Shipping in the 3rd quarter valued at about $155,000. Rhumbline Advisers grew its position in shares of Himalaya Shipping by 17.2% during the 2nd 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. Finally, Bank of New York Mellon Corp raised its stake in Himalaya Shipping by 17.3% during the second quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock worth $770,000 after acquiring an additional 12,400 shares during the period. Institutional investors own 22.33% of the company’s stock.

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.