Short Interest in Diana Shipping Inc. (NYSE:DSX) Drops By 23.2%

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.Get Diana Shipping alerts: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 AnnouncementThe 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 ShippingA 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.Recommended StoriesFive stocks we like better than Diana ShippingBest Stocks Under $5.00J.B. Hunt Transport Overcorrects Into a Buying OpportunityHow to Know if a Stock Pays Dividends and When They Are Paid OutAppLovin: Can Record Profits Overcome Market Skepticism?How to Buy Gold Stock and Invest in GoldMarketBeat Week in Review – 04/14 - 04/18This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Diana Shipping Right Now?Before you consider Diana Shipping, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diana Shipping wasn't on the list.While Diana Shipping currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here