In the market the company is trading down by -11.56% since yesterday’s close of $0.665. It is trading at $0.588 slightly over $0.40, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $1.67. The 50 day moving average moved up $0.19 and the 200 day average moved down $-1.08.
Investors are feeling more bullish on the company recently as implied by the change in short interest. The stock recorded a fall in short interest of -1.55% as of May 31, 2017 from the last reporting period. Short shares fell 20,725 over that period. The short-interest ratio decreased to 3.7 and the percentage of shorted shares is 1.00% as of May 31.
Diana Containerships Inc., launched on January 7, 2010, is a holding company. The Company, through its subsidiaries, is involved in the ownership of containerships. As of December 31, 2016, the Business’s fleet consisted of six panamax and six post-panamax containerships with a combined carrying capacity of 61,517 twenty-foot equivalent unit (TEU). As of December 31, 2016, the Business’s fleet included SAGITTA, CENTAURUS, NEW JERSEY, PAMINA, DOMINGO, DOUKATO, PUELO, PUCON, MARCH, GREAT and HAMBURG..
These funds have also shifted positions in (DCIX). 12 West Capital Management Lp reduced its position by selling 17,217,085 shares a decrease of 87.5% as of 06/30/2016. 12 West Capital Management Lp claims 2,459,581 shares with a value of $8,707,000. The value of the position overall is down by 23.7%. Advisory Services Network, LLC downsized its holdings by shedding 3,553 shares a decrease of 86.0%. Advisory Services Network, LLC owns 579 shares valued at $2,000. The total value of its holdings decreased 0.0%.
Royal Bank Of Canada bolstered its stake by buying 424 shares an increase of 652.3% from 12/31/2015 to 03/31/2016. Royal Bank Of Canada now controls 489 shares worth $0. The value of the position overall is down by 0.0%. Wells Fargo & Company/mn divested its ownership by selling 88 shares a decrease of 2.9% in the quarter. Wells Fargo & Company/mn currently owns 2,948 shares worth $2,000. The total value of its holdings decreased 0.0%.
On November 20 the stock rating was downgraded from “Market Perform” to “Underperform” in an announcement from Wells Fargo. On March 2 Jefferies kept the company rating at “Buy” but lowered the price expectation to $3.00 from $3.50.
Equity analyst Barclays downgraded the stock and lowered the price target on June 11 changing the price target from $3.00 to $2.00 and cutting the rating from “Equal-weight” to “Underweight”. On June 11 the company was downgraded to “Underweight” from “Equal-weight” and a price target of $2.00 was set in a report from Barclays.
May 14 investment analysts at Jefferies maintained a company rating of “Buy” and lowered the price target from $5.00 to $4.00.
In the latest earnings report the EPS was $-114.94 and is estimated to be $-22.61 for the current year with 1,317,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-5.53 and the next full year EPS is projected to be $-10.71.