Short Interest in Diana Shipping Inc. (NYSE:DSX) Grows By 17.6%

Diana Shipping Inc. (NYSE:DSX) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,040,000 shares, a growth of 17.6% from the February 13th total of 884,200 shares. Based on an average trading volume of 428,100 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.5% of the company’s stock are short sold.

Institutional Trading of Diana Shipping

Several hedge funds have recently modified their holdings of the company. Pekin Hardy Strauss Inc. raised its holdings in shares of Diana Shipping by 176.8% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 3,477,379 shares of the shipping company’s stock worth $6,816,000 after acquiring an additional 2,221,213 shares in the last quarter. Vident Advisory LLC grew its position in Diana Shipping by 27.4% in the 4th quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company’s stock valued at $287,000 after acquiring an additional 31,491 shares during the last quarter. Millennium Management LLC bought a new position in Diana Shipping in the 4th quarter valued at $272,000. GSA Capital Partners LLP bought a new position in Diana Shipping in the 3rd quarter valued at $176,000. Finally, Walleye Capital LLC grew its position in Diana Shipping by 55.1% in the 3rd quarter. Walleye Capital LLC now owns 48,067 shares of the shipping company’s stock valued at $124,000 after acquiring an additional 17,067 shares during the last quarter. 48.68% of the stock is owned by hedge funds and other institutional investors.

Diana Shipping Price Performance

NYSE DSX traded down $0.01 during trading hours on Thursday, reaching $1.80. The company’s stock had a trading volume of 279,896 shares, compared to its average volume of 559,556. The firm’s 50-day moving average price is $1.83 and its 200-day moving average price is $2.05. 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 has a 1 year low of $1.72 and a 1 year high of $3.22. The company has a market capitalization of $224.65 million, a price-to-earnings ratio of 59.85 and a beta of 1.00.

Diana Shipping Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 2.23%. Diana Shipping’s dividend payout ratio is presently -400.00%.

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.

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.