Diana Shipping Inc. (NYSE:DSX) was the target of a large decline in short interest during the month of April. As of April 28th, there was short interest totalling 2,747,748 shares, a decline of 35.4% from the April 13th total of 4,256,234 shares. Based on an average daily trading volume, of 3,634,955 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.2% of the company’s stock are sold short.
Shares of Diana Shipping (NYSE:DSX) opened at 3.73 on Friday. The firm’s market capitalization is $301.21 million. The company has a 50-day moving average price of $4.44 and a 200 day moving average price of $3.84. Diana Shipping has a 12-month low of $2.11 and a 12-month high of $6.20.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ironwood Investment Management LLC increased its position in Diana Shipping by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after buying an additional 426 shares in the last quarter. Phoenix Investment Adviser LLC increased its position in Diana Shipping by 11.2% in the first quarter. Phoenix Investment Adviser LLC now owns 199,201 shares of the shipping company’s stock worth $920,000 after buying an additional 20,000 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Diana Shipping by 1.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,709,979 shares of the shipping company’s stock worth $7,900,000 after buying an additional 32,397 shares in the last quarter. Geode Capital Management LLC bought a new position in Diana Shipping during the first quarter worth $167,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Diana Shipping during the first quarter worth $205,000. Hedge funds and other institutional investors own 42.91% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Diana Shipping from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Jefferies Group LLC lifted their price target on Diana Shipping from $3.50 to $5.00 and gave the company a “hold” rating in a report on Monday, April 24th. Credit Suisse Group AG set a $3.00 price target on Diana Shipping and gave the company a “hold” rating in a report on Saturday, April 22nd. JPMorgan Chase & Co. upgraded Diana Shipping from a “neutral” rating to an “overweight” rating and set a $8.00 price target for the company in a report on Friday, April 7th. Finally, Nordea Equity Research upgraded Diana Shipping from a “hold” rating to a “buy” rating in a report on Friday, January 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Diana Shipping currently has an average rating of “Hold” and an average target price of $4.33.
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Diana Shipping Company Profile
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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