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

Diana Shipping Inc. (NYSE:DSX) saw a significant 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. Based on an average daily volume of 428,100 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.5% of the company’s stock are short sold.

Analyst Ratings Changes

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

Institutional Trading of Diana Shipping

Large investors have recently modified their holdings of the business. Total Wealth Planning & Management Inc. purchased a new position in Diana Shipping in the fourth quarter valued at about $38,000. Sheaff Brock Investment Advisors LLC raised its holdings in Diana Shipping by 43.1% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company’s stock valued at $42,000 after acquiring an additional 6,500 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Diana Shipping during the fourth quarter worth about $43,000. Rathbones Group PLC bought a new position in Diana Shipping during the 4th quarter worth approximately $54,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Diana Shipping in the 4th quarter worth approximately $62,000. 48.68% of the stock is currently owned by institutional investors and hedge funds.

Diana Shipping Stock Down 0.3 %

NYSE:DSX traded down $0.01 during trading hours on Wednesday, hitting $1.80. The stock had a trading volume of 194,248 shares, compared to its average volume of 302,942. The business has a 50 day simple moving average of $1.83 and a two-hundred day simple moving average of $2.05. Diana Shipping has a 1-year low of $1.72 and a 1-year high of $3.22. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27. The company has a market cap of $224.65 million, a PE ratio of 59.85 and a beta of 1.00.

Diana Shipping Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 2.23%. Diana Shipping’s dividend payout ratio is currently -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.