Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Down 36.6% in February

Himalaya Shipping Ltd. (NYSE:HSHP) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 367,400 shares, a decrease of 36.6% from the February 13th total of 579,300 shares. Based on an average daily trading volume, of 163,800 shares, the short-interest ratio is currently 2.2 days. Approximately 0.8% of the company’s shares are sold short.

Himalaya Shipping Stock Up 0.8 %

Shares of NYSE HSHP traded up $0.05 on Monday, reaching $5.80. 97,615 shares of the company’s stock traded hands, compared to its average volume of 120,748. Himalaya Shipping has a 12 month low of $4.48 and a 12 month high of $9.76. The business’s 50 day simple moving average is $5.10 and its two-hundred day simple moving average is $6.20. The company has a market cap of $231.05 million, a price-to-earnings ratio of 12.07 and a beta of 2.32. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. Himalaya Shipping had a net margin of 17.03% and a return on equity of 13.36%. The company had revenue of $29.60 million during the quarter.

Himalaya Shipping Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, March 19th will be issued a $0.005 dividend. This represents a $0.06 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th. Himalaya Shipping’s dividend payout ratio is currently 39.58%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HSHP. Hsbc Holdings PLC lifted its stake in shares of Himalaya Shipping by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 186,367 shares of the company’s stock valued at $901,000 after buying an additional 2,483 shares in the last quarter. Salvus Wealth Management LLC increased its holdings in Himalaya Shipping by 27.6% in the 4th quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock valued at $63,000 after acquiring an additional 2,825 shares during the last quarter. Geode Capital Management LLC increased its holdings in Himalaya Shipping by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 346,530 shares of the company’s stock valued at $1,684,000 after acquiring an additional 2,910 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Himalaya Shipping by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 14,124 shares of the company’s stock valued at $69,000 after acquiring an additional 4,680 shares during the last quarter. Finally, State Street Corp increased its holdings in Himalaya Shipping by 1.7% in the 3rd quarter. State Street Corp now owns 366,210 shares of the company’s stock valued at $3,171,000 after acquiring an additional 6,090 shares during the last quarter. Hedge funds and other institutional investors 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.