Himalaya Shipping Ltd. (NYSE:HSHP – Get Free Report) 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 – Get Free Report) 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
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.
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