Diana Shipping inc. (DSX) Short Interest Update
Diana Shipping inc. (NYSE:DSX) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 3,328,927 shares, a growth of 60.7% from the July 14th total of 2,071,413 shares. Based on an average trading volume of 509,661 shares, the short-interest ratio is presently 6.5 days. Currently, 4.0% of the company’s shares are sold short.
A number of research firms have commented on DSX. Credit Suisse Group AG set a $3.00 target price on shares of Diana Shipping inc. and gave the stock a “hold” rating in a report on Saturday, April 22nd. ValuEngine raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered shares of Diana Shipping inc. from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub lowered shares of Diana Shipping inc. from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Diana Shipping inc. has a consensus rating of “Hold” and an average target price of $4.07.
Diana Shipping inc. (DSX) opened at 3.88 on Wednesday. The stock’s 50 day moving average is $3.99 and its 200-day moving average is $4.10. The company’s market capitalization is $375.16 million. Diana Shipping inc. has a 12 month low of $2.21 and a 12 month high of $6.20.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.01. Diana Shipping inc. had a negative return on equity of 14.80% and a negative net margin of 122.29%. The firm had revenue of $37.75 million for the quarter, compared to analyst estimates of $36.21 million. During the same quarter last year, the company earned ($0.41) earnings per share. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. On average, analysts expect that Diana Shipping inc. will post ($0.97) EPS for the current year.
Large investors have recently bought and sold shares of the company. Westpac Banking Corp purchased a new stake in Diana Shipping inc. during the second quarter valued at $856,000. Royce & Associates LP boosted its stake in Diana Shipping inc. by 34.1% in the second quarter. Royce & Associates LP now owns 1,174,333 shares of the shipping company’s stock valued at $4,768,000 after buying an additional 298,400 shares during the period. Russell Investments Group Ltd. boosted its stake in Diana Shipping inc. by 16.9% in the second quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock valued at $6,117,000 after buying an additional 218,059 shares during the period. Hermes Investment Management Ltd. purchased a new stake in Diana Shipping inc. during the second quarter valued at $1,624,000. Finally, DnB Asset Management AS purchased a new stake in Diana Shipping inc. during the second quarter valued at $741,000. Institutional investors own 34.73% of the company’s stock.
Diana Shipping inc. Company Profile
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
Receive News & Ratings for Diana Shipping inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping inc. and related companies with MarketBeat.com's FREE daily email newsletter.