Today’s Stock On Watch: What’s Next for Dht Holdings Incorporated (NYSE:DHT) After Having More Shares Shorted?

December 1, 2016 - By Ellis Scott   ·   0 Comments

Today's Stock On Watch: What's Next for Dht Holdings Incorporated (NYSE:DHT) After Having More Shares Shorted?

The stock of Dht Holdings Incorporated (NYSE:DHT) registered an increase of 2.1% in short interest. DHT’s total short interest was 11.16M shares in December as published by FINRA. Its up 2.1% from 10.93 million shares, reported previously. With 1.47 million shares average volume, it will take short sellers 8 days to cover their DHT’s short positions. The short interest to Dht Holdings Incorporated’s float is 12.3%. About 340,638 shares traded hands. DHT Holdings Inc (NYSE:DHT) has declined 39.73% since April 28, 2016 and is downtrending. It has underperformed by 45.65% the S&P500.

DHT Holdings, Inc. is a holding company. The company has a market cap of $307.90 million. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. It has a 53.88 P/E ratio. The Company’s fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company.

DHT Holdings Inc (NYSE:DHT) Ratings Coverage

Out of 7 analysts covering DHT Holdings (NYSE:DHT), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. DHT Holdings has been the topic of 11 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of DHT Holdings Inc (NYSE:DHT) earned “Market Perform” rating by Wells Fargo on Monday, September 26. The rating was maintained by Jefferies with “Buy” on Wednesday, July 27. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, August 25 report. JP Morgan downgraded DHT Holdings Inc (NYSE:DHT) on Tuesday, January 12 to “Overweight” rating. The rating was maintained by JP Morgan on Thursday, April 7 with “Neutral”. The rating was reinitiated by Seaport Global on Wednesday, May 4 with “Buy”. The company was upgraded on Tuesday, September 1 by TheStreet. Morgan Stanley initiated the shares of DHT in a report on Monday, September 14 with “Overweight” rating. The stock of DHT Holdings Inc (NYSE:DHT) earned “Neutral” rating by UBS on Tuesday, July 26.

DHT Company Profile

DHT Holdings, Inc. (DHT), incorporated on February 12, 2010, is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. The Company’s fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT. The Company’s fleet principally operates on international routes and its fleet in operation has a combined carrying capacity of approximately 5,656,937 DWT. The Company’s subsidiaries include DHT Maritime, Inc., DHT Chartering, Inc., Sophie Tanker Corporation, Samco Shipholding Pte. Ltd., DHT Jaguar Limited and Chris Tanker Corporation.

More news for DHT Holdings Inc (NYSE:DHT) were recently published by: Seekingalpha.com, which released: “Why I Reversed Course On DHT Holdings” on November 28, 2016. Globenewswire.com‘s article titled: “DHT Holdings, Inc. third quarter 2016 results” and published on November 01, 2016 is yet another important article.

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By Ellis Scott


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