Short Interest in Diana Shipping Inc. (NYSE:DSX) Drops By 10.6%

Diana Shipping Inc. (NYSE:DSX) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 1,180,000 shares, a decrease of 10.6% from the November 15th total of 1,320,000 shares. Based on an average trading volume of 625,000 shares, the short-interest ratio is presently 1.9 days. Approximately 1.6% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Diana Shipping Price Performance

Shares of DSX stock remained flat at $1.85 on Tuesday. The company had a trading volume of 535,135 shares, compared to its average volume of 665,861. Diana Shipping has a 12-month low of $1.73 and a 12-month high of $3.22. The business has a 50 day moving average price of $2.14 and a 200 day moving average price of $2.46. The company has a market capitalization of $231.54 million, a P/E ratio of 61.67 and a beta of 1.09. 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 (NYSE:DSX) last posted its quarterly earnings results on Monday, November 25th. The shipping company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Diana Shipping had a net margin of 5.36% and a return on equity of 4.42%. The business had revenue of $57.50 million during the quarter, compared to analyst estimates of $55.50 million. During the same quarter in the previous year, the business posted $0.06 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year.

Diana Shipping Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, December 11th. Diana Shipping’s dividend payout ratio (DPR) is 133.33%.

Institutional Trading of Diana Shipping

Several hedge funds and other institutional investors have recently bought and sold shares of DSX. Scott & Selber Inc. purchased a new position in shares of Diana Shipping in the 2nd quarter worth approximately $30,000. Choreo LLC acquired a new stake in Diana Shipping in the second quarter valued at approximately $38,000. Mercer Global Advisors Inc. ADV purchased a new position in Diana Shipping in the second quarter worth $38,000. Sheaff Brock Investment Advisors LLC purchased a new position in Diana Shipping in the third quarter worth $39,000. Finally, XTX Topco Ltd acquired a new position in shares of Diana Shipping during the third quarter worth $64,000. Institutional investors own 48.68% of the company’s stock.

About Diana Shipping

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.