Diana Shipping Inc (NYSE:DSX) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,134,200 shares, a decrease of 9.2% from the June 30th total of 1,249,400 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 194,300 shares, the short-interest ratio is presently 5.8 days.

Several hedge funds have recently made changes to their positions in DSX. Abacus Planning Group Inc. acquired a new position in shares of Diana Shipping in the 1st quarter valued at $37,000. Acadian Asset Management LLC raised its stake in shares of Diana Shipping by 126.3% in the 2nd quarter. Acadian Asset Management LLC now owns 23,377 shares of the shipping company’s stock valued at $77,000 after buying an additional 13,048 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Diana Shipping in the 1st quarter valued at $93,000. Bank of Montreal Can acquired a new position in shares of Diana Shipping in the 2nd quarter valued at $181,000. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Diana Shipping by 8.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 89,988 shares of the shipping company’s stock valued at $286,000 after buying an additional 7,174 shares in the last quarter. Institutional investors own 34.15% of the company’s stock.

Shares of DSX stock traded up $0.05 during mid-day trading on Thursday, reaching $3.07. The company’s stock had a trading volume of 137,451 shares, compared to its average volume of 244,340. Diana Shipping has a 1-year low of $2.41 and a 1-year high of $4.44. The company has a market capitalization of $314.91 million, a P/E ratio of 30.70 and a beta of 0.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.13. The firm’s 50-day moving average is $3.45.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Tuesday, July 30th. The shipping company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Diana Shipping had a net margin of 8.22% and a return on equity of 4.64%. The business had revenue of $55.40 million during the quarter, compared to analyst estimates of $52.69 million. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts forecast that Diana Shipping will post 0.16 EPS for the current fiscal year.

DSX has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. ValuEngine raised shares of Diana Shipping from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st.

Diana Shipping Company Profile

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 through its ownership of dry bulk vessels worldwide. As of December 31, 2018, it operated a fleet of 48 dry bulk carriers comprising 20 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.

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