Himalaya Shipping Ltd. (NYSE:HSHP) Sees Significant Growth in Short Interest

Himalaya Shipping Ltd. (NYSE:HSHP) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 567,400 shares, a growth of 136.6% from the May 31st total of 239,800 shares. Based on an average daily volume of 88,100 shares, the short-interest ratio is presently 6.4 days. Currently, 2.6% of the company’s stock are sold short.

Himalaya Shipping Price Performance

HSHP stock traded up $0.14 during trading on Friday, hitting $9.16. 1,155,454 shares of the company’s stock traded hands, compared to its average volume of 70,739. Himalaya Shipping has a 1 year low of $4.30 and a 1 year high of $9.76. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.04 and a current ratio of 1.04. The business has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $7.80.

Himalaya Shipping (NYSE:HSHP) last announced its earnings results on Thursday, May 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $23.58 million for the quarter.

Himalaya Shipping Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be issued a $0.04 dividend. The ex-dividend date is Monday, June 17th. This represents a $0.48 dividend on an annualized basis and a yield of 5.24%.

Institutional Trading of Himalaya Shipping

Several hedge funds have recently modified their holdings of the company. Barclays PLC increased its position in Himalaya Shipping by 8.2% during the 3rd quarter. Barclays PLC now owns 36,159 shares of the company’s stock valued at $174,000 after buying an additional 2,737 shares in the last quarter. Salvus Wealth Management LLC purchased a new stake in Himalaya Shipping during the 4th quarter worth approximately $69,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in Himalaya Shipping during the 4th quarter worth approximately $70,000. SG Americas Securities LLC acquired a new position in Himalaya Shipping during the 4th quarter valued at approximately $96,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Himalaya Shipping in the fourth quarter worth $214,000. 22.33% of the stock is owned by hedge funds and other institutional investors.

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.