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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $352,000 after purchasing an additional 5,623 shares in the last quarter. State Street Corp grew its position in Himalaya Shipping by 1.7% during the third quarter. State Street Corp now owns 366,210 shares of the company’s stock worth $3,171,000 after buying an additional 6,090 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in Himalaya Shipping during the 3rd quarter worth $87,000. Bank of New York Mellon Corp raised its holdings in Himalaya Shipping by 17.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,091 shares of the company’s stock valued at $770,000 after acquiring an additional 12,400 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Himalaya Shipping by 15.4% during the 3rd quarter. GSA Capital Partners LLP now owns 100,405 shares of the company’s stock valued at $870,000 after acquiring an additional 13,405 shares during the period. 22.33% of the stock is owned by institutional investors and hedge funds.

Himalaya Shipping Stock Performance

NYSE HSHP traded down $0.01 during trading on Monday, reaching $4.84. 55,298 shares of the company’s stock were exchanged, compared to its average volume of 108,114. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day moving average price of $6.16 and a 200-day moving average price of $7.39. The stock has a market capitalization of $192.99 million, a P/E ratio of 3.48 and a beta of 2.36. Himalaya Shipping has a fifty-two week low of $4.54 and a fifty-two week high of $9.76.

Himalaya Shipping Dividend Announcement

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

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.