Short Interest Coverage: What’s in Diana Shipping Incorporated (NYSE:DSX) After Rise in Shorted Shares?

December 1, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Coverage: What’s in Diana Shipping Incorporated (NYSE:DSX) After Rise in Shorted Shares?

The stock of Diana Shipping Incorporated (NYSE:DSX) registered an increase of 27.45% in short interest. DSX’s total short interest was 3.40M shares in December as published by FINRA. Its up 27.45% from 2.66 million shares, reported previously. With 284,900 shares average volume, it will take short sellers 12 days to cover their DSX’s short positions. The short interest to Diana Shipping Incorporated’s float is 6.64%. The stock decreased 5.06% or $0.16 during the last trading session, hitting $3. Diana Shipping Inc. (NYSE:DSX) has declined 12.28% since April 28, 2016 and is downtrending. It has underperformed by 18.21% the S&P500.

Diana Shipping Inc. is a holding company. The company has a market cap of $238.25 million. The Firm is engaged in providing shipping transportation services. It currently has negative earnings. The Firm is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels.

Diana Shipping Inc. (NYSE:DSX) Ratings Coverage

Out of 10 analysts covering Diana Shipping (NYSE:DSX), 0 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 0 are positive. Diana Shipping has been the topic of 15 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, September 4 by UBS. The company was upgraded on Thursday, April 21 by ABN Amro. As per Tuesday, February 9, the company rating was downgraded by Clarkson Capital. Deutsche Bank upgraded the shares of DSX in a report on Friday, August 26 to “Hold” rating. The stock of Diana Shipping Inc. (NYSE:DSX) has “Sell” rating given on Monday, July 27 by Evercore. The stock has “Hold” rating given by Deutsche Bank on Wednesday, November 18. The stock has “Neutral” rating given by JP Morgan on Thursday, October 15. The firm has “Market Perform” rating by Wells Fargo given on Friday, November 20. The stock has “Hold” rating given by Jefferies on Wednesday, July 27. Seaport Global reinitiated Diana Shipping Inc. (NYSE:DSX) on Tuesday, August 2 with “Neutral” rating.

More news for Diana Shipping Inc. (NYSE:DSX) were recently published by: Fool.com, which released: “Better Buy: Seaspan Corporation vs. Diana Shipping Inc.” on May 25, 2016. Nasdaq.com‘s article titled: “Diana Shipping Inc. Announces Cancellation of Shipbuilding Contract” and published on November 03, 2016 is yet another important article.

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By Adrian Mccoy


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