Short Interest in Diana Shipping Inc. (NYSE:DSX) Drops By 23.2%
Diana Shipping Inc. (NYSE:DSX) experienced a significant drop in short interest, decreasing by 23.2% in March, with total short interest at 719,900 shares as of March 31. This represents approximately 1.1% of the company's shares sold short. The short-interest ratio is currently 2.2 days based on an average trading volume of 326,800 shares. The company also declared a quarterly dividend of $0.01, yielding 2.69%. Institutional investors hold 48.68% of the company's stock, reflecting recent trading activity and changes in stakes.
Diana Shipping Inc. (NYSE:DSX - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 719,900 shares, a decline of 23.2% from the March 15th total of 937,200 shares. Based on an average daily trading volume, of 326,800 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.1% of the company's shares are sold short.
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Diana Shipping Trading Up 6.1 %
- Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy?
Diana Shipping stock traded up $0.09 during mid-day trading on Friday, hitting $1.49. The company's stock had a trading volume of 219,951 shares, compared to its average volume of 551,000. The firm has a market capitalization of $185.93 million, a PE ratio of 49.52 and a beta of 0.85. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27. Diana Shipping has a 1 year low of $1.27 and a 1 year high of $3.22. The stock's fifty day moving average is $1.68 and its two-hundred day moving average is $1.91.
Diana Shipping Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Wednesday, March 12th. Diana Shipping's dividend payout ratio (DPR) is -400.00%.
Institutional Trading of Diana Shipping
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. acquired a new position in shares of Diana Shipping in the fourth quarter worth $38,000. Sheaff Brock Investment Advisors LLC increased its holdings in Diana Shipping by 43.1% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,574 shares of the shipping company's stock worth $42,000 after purchasing an additional 6,500 shares during the period. Jane Street Group LLC acquired a new stake in Diana Shipping in the 4th quarter valued at about $43,000. XTX Topco Ltd purchased a new position in shares of Diana Shipping in the 3rd quarter valued at about $64,000. Finally, Rathbones Group PLC acquired a new position in shares of Diana Shipping during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 48.68% of the company's stock.
Diana Shipping Company Profile
(Get Free Report)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.
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