Himalaya Shipping Ltd. (NYSE:HSHP – Get Free Report) 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 – Get Free Report) 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
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.
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