Short Interest in Diana Shipping Inc. (NYSE:DSX) Decreases By 10.6%

Diana Shipping Inc. (NYSE:DSX) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 1,180,000 shares, a drop of 10.6% from the November 15th total of 1,320,000 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 625,000 shares, the short-interest ratio is currently 1.9 days.

Diana Shipping Stock Performance

Shares of DSX stock remained flat at $1.85 during mid-day trading on Tuesday. The company’s stock had a trading volume of 535,135 shares, compared to its average volume of 665,861. The firm’s 50-day moving average price is $2.14 and its two-hundred day moving average price is $2.46. The company has a market capitalization of $231.54 million, a PE ratio of 61.67 and a beta of 1.09. Diana Shipping has a 12 month low of $1.73 and a 12 month high of $3.22. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.27.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Monday, November 25th. The shipping company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%. The firm had revenue of $57.50 million for the quarter, compared to analyst estimates of $55.50 million. During the same quarter last year, the company posted $0.06 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis.

Diana Shipping Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Wednesday, December 11th. Diana Shipping’s dividend payout ratio is presently 133.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Diana Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th.

Institutional Investors Weigh In On Diana Shipping

A number of hedge funds and other institutional investors have recently modified their holdings of DSX. Scott & Selber Inc. acquired a new stake in shares of Diana Shipping during the 2nd quarter valued at approximately $30,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Diana Shipping during the 2nd quarter worth approximately $38,000. Choreo LLC acquired a new position in shares of Diana Shipping during the 2nd quarter worth approximately $38,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Diana Shipping during the 3rd quarter worth approximately $39,000. Finally, XTX Topco Ltd acquired a new position in shares of Diana Shipping during the 3rd quarter worth approximately $64,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.