Short Interest in Diana Shipping inc. (NYSE:DSX) Increases By 61.2%

Diana Shipping inc. (NYSE:DSXGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,552,051 shares, a growth of 61.2% from the August 15th total of 1,582,824 shares. Based on an average trading volume of 1,094,568 shares, the short-interest ratio is currently 2.3 days. Approximately 2.1% of the shares of the stock are short sold.

Diana Shipping Price Performance

NYSE:DSX traded up $0.09 during trading hours on Thursday, hitting $3.08. 2,728,209 shares of the stock were exchanged, compared to its average volume of 819,107. The firm’s fifty day moving average price is $2.53 and its 200 day moving average price is $2.47. Diana Shipping has a 52-week low of $1.57 and a 52-week high of $3.10. The company has a market cap of $382.56 million, a P/E ratio of 6.41 and a beta of 0.51. The company has a current ratio of 2.05, a quick ratio of 2.01 and a debt-to-equity ratio of 0.92.

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

Diana Shipping Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a $0.01 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. Diana Shipping’s dividend payout ratio is presently 8.33%.

Institutional Investors Weigh In On Diana Shipping

Several hedge funds and other institutional investors have recently made changes to their positions in DSX. Renaissance Technologies LLC increased its stake in shares of Diana Shipping by 26.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,984,213 shares of the shipping company’s stock worth $7,461,000 after acquiring an additional 622,500 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Diana Shipping during the 1st quarter worth approximately $1,509,000. Arrowstreet Capital Limited Partnership increased its stake in Diana Shipping by 586.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 484,951 shares of the shipping company’s stock worth $1,212,000 after acquiring an additional 414,280 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Diana Shipping during the 2nd quarter worth $763,000. Finally, Bank of America Corp DE increased its position in shares of Diana Shipping by 37,938.7% during the 1st quarter. Bank of America Corp DE now owns 252,577 shares of the shipping company’s stock worth $631,000 after purchasing an additional 251,913 shares during the last quarter. Institutional investors and hedge funds own 48.68% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on Diana Shipping

Diana Shipping Company Profile

(Get Free Report)

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.

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