Diana Shipping Inc. (NYSE:DSX) Short Interest Update

Diana Shipping Inc. (NYSE:DSXGet Free Report) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 2,480,000 shares, an increase of 59.0% from the January 15th total of 1,560,000 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 770,000 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DSX. Jump Financial LLC acquired a new position in Diana Shipping during the fourth quarter valued at approximately $31,000. Scott & Selber Inc. acquired a new position in Diana Shipping during the third quarter valued at approximately $35,000. Two Sigma Securities LLC acquired a new position in Diana Shipping during the first quarter valued at approximately $45,000. Dynamic Technology Lab Private Ltd acquired a new position in Diana Shipping during the fourth quarter valued at approximately $48,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Diana Shipping during the fourth quarter valued at approximately $49,000. 9.98% of the stock is owned by institutional investors and hedge funds.

Diana Shipping Price Performance

Diana Shipping stock opened at $2.95 on Tuesday. Diana Shipping has a 1 year low of $2.81 and a 1 year high of $4.85. The firm has a 50 day moving average price of $2.92 and a 200 day moving average price of $2.91. The company has a market cap of $333.56 million, a price-to-earnings ratio of 4.59 and a beta of 1.21. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.86 and a current ratio of 1.91.

Diana Shipping (NYSE:DSXGet Free Report) last released its earnings results on Wednesday, November 15th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $59.13 million during the quarter, compared to analysts’ expectations of $63.00 million. Diana Shipping had a net margin of 23.81% and a return on equity of 13.69%. Sell-side analysts predict that Diana Shipping will post 0.34 earnings per share for the current year.

Diana Shipping Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 27th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 24th. This represents a $0.50 dividend on an annualized basis and a yield of 16.95%. Diana Shipping’s dividend payout ratio (DPR) is 93.75%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Diana Shipping in a report on Tuesday, February 6th. They issued a “hold” rating for the company.

View Our Latest Stock Report on Diana Shipping

About Diana Shipping

(Get Free Report)

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 17, 2023, it operated a fleet of 41 dry bulk vessels, including 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 7 Panamax.

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