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

Diana Shipping inc. (NYSE:DSX) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 1,276,730 shares, an increase of 31.8% from the January 15th total of 968,896 shares. Based on an average daily volume of 735,864 shares, the short-interest ratio is presently 1.7 days. Approximately 1.1% of the company’s shares are sold short. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 735,864 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Diana Shipping

A number of hedge funds have recently bought and sold shares of the business. R Squared Ltd boosted its position in Diana Shipping by 117.1% in the second quarter. R Squared Ltd now owns 35,600 shares of the shipping company’s stock worth $52,000 after purchasing an additional 19,205 shares during the last quarter. CHICAGO TRUST Co NA bought a new stake in shares of Diana Shipping during the 3rd quarter worth $72,000. Mercuria Capital Strategies LLC purchased a new position in shares of Diana Shipping in the 4th quarter worth about $88,000. Goldman Sachs Group Inc. boosted its holdings in shares of Diana Shipping by 66.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 70,879 shares of the shipping company’s stock worth $118,000 after buying an additional 28,384 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Diana Shipping by 407.4% in the 3rd quarter. Two Sigma Investments LP now owns 80,684 shares of the shipping company’s stock worth $136,000 after buying an additional 64,784 shares during the last quarter. 48.68% of the stock is currently owned by institutional investors.

Diana Shipping Price Performance

Shares of NYSE:DSX opened at $2.40 on Monday. The company has a current ratio of 2.29, a quick ratio of 2.24 and a debt-to-equity ratio of 1.30. The stock has a market cap of $277.29 million, a PE ratio of 21.77 and a beta of 0.71. The stock’s fifty day simple moving average is $1.97 and its two-hundred day simple moving average is $1.81. Diana Shipping has a 1-year low of $1.27 and a 1-year high of $2.53.

Diana Shipping (NYSE:DSX) last announced its earnings results on Thursday, November 20th. The shipping company reported $0.05 EPS for the quarter. Diana Shipping had a net margin of 11.18% and a return on equity of 4.93%. The company had revenue of $51.90 million during the quarter, compared to the consensus estimate of $57.00 million.

Diana Shipping Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 8th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, December 8th. Diana Shipping’s payout ratio is presently 36.36%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DSX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diana Shipping in a research note on Wednesday, January 21st. Wall Street Zen upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Diana Shipping Company Profile

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.