Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Down 36.6% in February

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 367,400 shares, a decline of 36.6% from the February 13th total of 579,300 shares. Based on an average daily trading volume, of 163,800 shares, the short-interest ratio is presently 2.2 days. Approximately 0.8% of the shares of the company are sold short.

Himalaya Shipping Stock Performance

Shares of HSHP stock traded up $0.04 on Friday, reaching $5.75. The stock had a trading volume of 106,280 shares, compared to its average volume of 122,463. The company has a debt-to-equity ratio of 4.34, a quick ratio of 0.87 and a current ratio of 0.87. Himalaya Shipping has a 1 year low of $4.48 and a 1 year high of $9.76. The stock has a market cap of $229.07 million, a P/E ratio of 11.97 and a beta of 2.32. The company has a 50 day simple moving average of $5.10 and a 200 day simple moving average of $6.22.

Himalaya Shipping (NYSE:HSHP) last posted its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%. The company had revenue of $29.60 million for the quarter.

Himalaya Shipping Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.06 dividend on an annualized basis and a yield of 1.04%. Himalaya Shipping’s dividend payout ratio is currently 39.58%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. AM Investment Strategies LLC bought a new position in Himalaya Shipping in the 4th quarter worth $49,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Himalaya Shipping during the 4th quarter valued at about $59,000. Salvus Wealth Management LLC grew its stake in shares of Himalaya Shipping by 27.6% during the 4th quarter. Salvus Wealth Management LLC now owns 13,045 shares of the company’s stock valued at $63,000 after acquiring an additional 2,825 shares during the period. SG Americas Securities LLC purchased a new stake in Himalaya Shipping in the 4th quarter worth approximately $66,000. Finally, Intech Investment Management LLC purchased a new position in Himalaya Shipping during the fourth quarter valued at approximately $68,000. 22.33% of the stock is currently owned by 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.