Himalaya Shipping Ltd. (NYSE:HSHP) Sees Significant Decrease in Short Interest

Himalaya Shipping Ltd. (NYSE:HSHP) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 253,300 shares, a decline of 13.4% from the March 15th total of 292,500 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 97,900 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Kim LLC bought a new position in shares of Himalaya Shipping in the 4th quarter worth $14,023,000. FMR LLC bought a new position in shares of Himalaya Shipping in the 1st quarter worth $8,512,000. BlackRock Inc. bought a new position in shares of Himalaya Shipping in the 2nd quarter worth $5,822,000. State Street Corp bought a new position in shares of Himalaya Shipping in the 2nd quarter worth $1,455,000. Finally, Geode Capital Management LLC bought a new position in shares of Himalaya Shipping in the 2nd quarter worth $1,448,000. 22.33% of the stock is owned by institutional investors.

Himalaya Shipping Trading Up 1.0 %

NYSE HSHP traded up $0.08 on Tuesday, reaching $7.79. 117,004 shares of the stock traded hands, compared to its average volume of 98,716. The company has a fifty day moving average price of $7.77 and a 200-day moving average price of $6.50. Himalaya Shipping has a 12 month low of $4.30 and a 12 month high of $8.54.

Himalaya Shipping Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.03 dividend. The ex-dividend date is Thursday, April 18th.

About Himalaya Shipping

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.