Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Update

Himalaya Shipping Ltd. (NYSE:HSHP) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 421,526 shares, a decline of 32.1% from the December 15th total of 621,249 shares. Based on an average daily volume of 97,807 shares, the short-interest ratio is presently 4.3 days. Currently, 1.1% of the shares of the company are sold short. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 97,807 shares, the short-interest ratio is presently 4.3 days.

Hedge Funds Weigh In On Himalaya Shipping

A number of hedge funds have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Himalaya Shipping in the third quarter worth approximately $33,000. BNP Paribas Financial Markets lifted its holdings in Himalaya Shipping by 80.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company’s stock valued at $47,000 after purchasing an additional 2,519 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Himalaya Shipping by 326.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,024 shares of the company’s stock worth $52,000 after purchasing an additional 6,909 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Himalaya Shipping during the second quarter worth $69,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Himalaya Shipping during the third quarter worth $86,000. Institutional investors and hedge funds own 22.33% of the company’s stock.

Himalaya Shipping Stock Down 0.2%

NYSE HSHP traded down $0.02 on Friday, hitting $9.01. The company had a trading volume of 189,823 shares, compared to its average volume of 123,437. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.01 and a quick ratio of 1.01. The company’s fifty day moving average price is $8.89 and its 200-day moving average price is $8.05. Himalaya Shipping has a 12-month low of $4.29 and a 12-month high of $10.14.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $37.90 million for the quarter, compared to the consensus estimate of $41.45 million. Himalaya Shipping had a net margin of 4.39% and a return on equity of 3.30%.

Himalaya Shipping Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 27th. Investors of record on Tuesday, January 20th will be issued a $0.13 dividend. The ex-dividend date is Monday, January 19th. This is a positive change from Himalaya Shipping’s previous dividend of $0.10.

Analysts Set New Price Targets

A number of research firms have weighed in on HSHP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Himalaya Shipping in a report on Wednesday, October 8th. Wall Street Zen cut Himalaya Shipping from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Himalaya Shipping Company Profile

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.