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

Diana Shipping Inc. (NYSE:DSX) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 1,040,000 shares, an increase of 17.6% from the February 13th total of 884,200 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 428,100 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSX. Total Wealth Planning & Management Inc. acquired a new position in shares of Diana Shipping in the 4th quarter valued at about $38,000. Vident Advisory LLC raised its holdings in Diana Shipping by 27.4% in the fourth quarter. Vident Advisory LLC now owns 146,448 shares of the shipping company’s stock valued at $287,000 after buying an additional 31,491 shares during the period. Millennium Management LLC acquired a new position in Diana Shipping during the fourth quarter valued at approximately $272,000. Jane Street Group LLC acquired a new position in Diana Shipping during the fourth quarter valued at approximately $43,000. Finally, Two Sigma Securities LLC purchased a new stake in Diana Shipping during the fourth quarter worth approximately $62,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

Diana Shipping Trading Down 0.3 %

NYSE DSX traded down $0.01 during trading hours on Wednesday, hitting $1.80. 194,248 shares of the company’s stock were exchanged, compared to its average volume of 302,942. The business’s 50 day moving average is $1.83 and its 200-day moving average is $2.05. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. Diana Shipping has a 12-month low of $1.72 and a 12-month high of $3.22. The firm has a market capitalization of $224.65 million, a P/E ratio of 59.85 and a beta of 1.00.

Diana Shipping Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 2.23%. Diana Shipping’s dividend payout ratio is presently -400.00%.

Diana Shipping Company Profile

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 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.