Short Interest in Diana Shipping Inc. (NYSE:DSX) Grows By 17.6%

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

Diana Shipping Stock Down 0.3 %

Diana Shipping stock traded down $0.01 during midday trading on Thursday, reaching $1.80. The company’s stock had a trading volume of 279,896 shares, compared to its average volume of 559,556. The stock’s 50-day simple moving average is $1.83 and its 200-day simple moving average is $2.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. Diana Shipping has a 52-week low of $1.72 and a 52-week high of $3.22. The stock 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Wednesday, March 12th. Diana Shipping’s dividend payout ratio (DPR) is presently -400.00%.

Institutional Investors Weigh In On Diana Shipping

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. purchased a new stake in Diana Shipping in the fourth quarter valued at about $38,000. Sheaff Brock Investment Advisors LLC raised its stake 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 buying an additional 6,500 shares during the last quarter. Jane Street Group LLC purchased a new stake in Diana Shipping in the fourth quarter valued at about $43,000. Rathbones Group PLC acquired a new position in shares of Diana Shipping in the fourth quarter valued at about $54,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Diana Shipping in the fourth quarter valued at about $62,000. 48.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.