Diamond S Shipping Inc (NYSE:DSSI) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 522,800 shares, a decrease of 6.4% from the August 15th total of 558,600 shares. Based on an average daily volume of 205,100 shares, the short-interest ratio is presently 2.5 days. Currently, 2.7% of the shares of the company are short sold.
A number of research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Diamond S Shipping in a research report on Tuesday, June 4th. They set a “buy” rating and a $18.00 target price on the stock. B. Riley set a $17.00 target price on shares of Diamond S Shipping and gave the stock a “buy” rating in a research report on Wednesday, August 7th.
Shares of NYSE:DSSI traded up $0.19 on Monday, reaching $11.02. 408,960 shares of the company’s stock were exchanged, compared to its average volume of 179,435. The company’s fifty day moving average price is $10.87. Diamond S Shipping has a twelve month low of $9.60 and a twelve month high of $14.26. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 0.67.
Diamond S Shipping (NYSE:DSSI) last announced its earnings results on Wednesday, August 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.47) by $0.26. The business had revenue of $149.30 million for the quarter, compared to analyst estimates of $117.82 million. On average, research analysts expect that Diamond S Shipping will post 0.31 EPS for the current year.
Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Diamond S Shipping by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 235,539 shares of the company’s stock worth $2,768,000 after purchasing an additional 45,340 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Diamond S Shipping by 764.5% during the 2nd quarter. Acadian Asset Management LLC now owns 19,901 shares of the company’s stock worth $254,000 after purchasing an additional 17,599 shares in the last quarter. Eagle Boston Investment Management Inc. acquired a new position in shares of Diamond S Shipping during the 2nd quarter worth approximately $144,000. Strs Ohio bought a new stake in shares of Diamond S Shipping during the 2nd quarter worth approximately $75,000. Finally, Donald Smith & CO. Inc. bought a new stake in shares of Diamond S Shipping during the 1st quarter worth approximately $5,123,000. Hedge funds and other institutional investors own 63.87% of the company’s stock.
About Diamond S Shipping
Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.
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