Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Up 5.7% in January

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 503,200 shares, an increase of 5.7% from the January 15th total of 476,000 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 146,400 shares, the days-to-cover ratio is currently 3.4 days.

Hedge Funds Weigh In On Himalaya Shipping

A number of large investors have recently made changes to their positions in HSHP. Jefferies Financial Group Inc. acquired a new stake in shares of Himalaya Shipping in the 4th quarter worth $75,000. Citadel Advisors LLC raised its stake in Himalaya Shipping by 57.0% in the fourth quarter. Citadel Advisors LLC now owns 130,118 shares of the company’s stock valued at $632,000 after buying an additional 47,231 shares during the last quarter. Bank of America Corp DE boosted its holdings in Himalaya Shipping by 45.3% in the fourth quarter. Bank of America Corp DE now owns 28,415 shares of the company’s stock worth $138,000 after acquiring an additional 8,862 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Himalaya Shipping during the fourth quarter worth about $69,000. Finally, 4WEALTH Advisors Inc. acquired a new position in shares of Himalaya Shipping during the fourth quarter valued at about $333,000. 22.33% of the stock is owned by institutional investors and hedge funds.

Himalaya Shipping Stock Up 5.3 %

NYSE:HSHP opened at $5.26 on Wednesday. The company’s 50-day simple moving average is $4.88 and its 200-day simple moving average is $6.46. 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 fifty-two week low of $4.48 and a fifty-two week high of $9.76.

Himalaya Shipping Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Friday, February 21st will be paid a $0.005 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.06 annualized dividend and a yield of 1.14%.

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.