Investors are feeling more bullish of late if you take a look at the motion in short interest. The stock had a fall in short interest from October 13, 2017 to October 31, 2017 of -20.28%. Short shares fell 625,759 over that timeframe. With short interest at 2,460,305 and short average daily volume at 641,890, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.03% as of October 31.
These firms have modified their investment in DSX. As of the end of the quarter Kopernik Global Investors, LLC had acquired 300,253 shares growing its position 8.0%. The value of the investment in (DSX) went from $15,273,000 to $14,745,000 a change of $528,000 for the reporting period. As of quarter end Stifel Financial Corp had sold a total of 3,347,758 shares trimming its holdings by 100.0%. The value of the investment in DSX decreased from $13,569,000 to $2,000 decreasing 100.0% quarter to quarter.
Edmond De Rothschild Holding S.a. bolstered its stake by buying 2,500 shares an increase of 5.1% in the quarter. Edmond De Rothschild Holding S.a. controls 51,300 shares worth $186,000. The value of the position overall is down by 6.1%. As of the end of the quarter Hosking Partners Llp had bought a total of 6,072 shares growing its stake by 0.2%. The value of the company’s investment in Diana Shipping Inc went from $14,453,000 to $12,945,000 a change of 10.4% quarter over quarter.
Equity analyst Citigroup raised the price target on October 31 changing the forecast from $2.50 to $5.00 and issued a “Hold” rating. October 31 investment analysts at Deutsche Bank AG maintained a “Hold” rating on the company.
On October 22, 2017 Stifel Nicolaus updated its forecast on DSX with a rating of “Hold” and a price target of $5.00.
September 7 investment analysts at Jefferies Group LLC held the company rating at “Hold” with a current price target of $4.50.
The company is now down from yesterday’s close of 4.03. The company’s P/E ratio is N/A and market cap is 411.95M. As of the latest earnings report the EPS was $-1.90 with 84.70M shares now outstanding.
Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. It operates a fleet of 48 dry bulk vessels comprising 23 Panamax, 4 Kamsarmax, 3 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was founded in 1999 and is based in Athens, Greece..