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

Diana Shipping inc. (NYSE:DSX) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,273,804 shares, a growth of 67.5% from the August 31st total of 2,552,051 shares. Based on an average trading volume of 1,469,407 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.4% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research firms recently commented on DSX. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diana Shipping in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Diana Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Diana Shipping has a consensus rating of “Hold”.

Institutional Trading of Diana Shipping

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in Diana Shipping by 71.2% during the first quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock worth $27,000 after acquiring an additional 4,550 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Diana Shipping by 159.0% during the 1st quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock worth $32,000 after purchasing an additional 7,881 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Diana Shipping in the 1st quarter valued at about $26,000. BlackRock Inc. acquired a new stake in shares of Diana Shipping in the 2nd quarter valued at about $47,000. Finally, Lazard Asset Management LLC bought a new stake in Diana Shipping in the 1st quarter valued at about $98,000. Institutional investors own 48.68% of the company’s stock.

Diana Shipping Trading Up 0.2%

DSX stock traded up $0.01 during midday trading on Wednesday, hitting $2.75. The stock had a trading volume of 658,720 shares, compared to its average volume of 842,185. The company has a current ratio of 2.05, a quick ratio of 2.01 and a debt-to-equity ratio of 0.92. The firm has a market cap of $342.76 million, a P/E ratio of 5.74 and a beta of 0.51. The business has a fifty day moving average price of $2.67 and a two-hundred day moving average price of $2.50. Diana Shipping has a 1-year low of $1.57 and a 1-year high of $3.20.

Diana Shipping (NYSE:DSX) last issued its quarterly earnings results on Friday, July 31st. The shipping company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. The firm had revenue of $57.29 million during the quarter, compared to the consensus estimate of $54.60 million. Diana Shipping had a return on equity of 7.55% and a net margin of 27.88%.

Diana Shipping Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 21st. Diana Shipping’s payout ratio is presently 8.33%.

Diana Shipping Company Profile

Diana Shipping Inc (NYSE: DSX) is a global shipping company that owns and operates dry bulk vessels. Its fleet transports major commodities, including iron ore, grain, and coal, as well as other dry bulk cargoes used in international trade.

The company’s vessels primarily operate under time charter and voyage charter arrangements with customers around the world. Diana Shipping serves a broad range of international trade routes, connecting commodity producers, exporters, and importers across the major shipping regions.

Founded in 1999, Diana Shipping is headquartered in Athens, Greece, and has been listed on the New York Stock Exchange since 2005.