Diana Shipping (DSX) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 5,262,109 to 4,368,206 shares, with 8 days to go before the expiry. The short open interest has decreased by -17%, amounting to a reduction of -893,903 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 6.9% of the float of the company. The average daily volume of the stock is 581,270 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Diana Shipping (NYSE:DSX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.39 and $2.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.38, notching a gain of 0.42% for the day. The total traded volume was 576,903 . The stock had closed at $2.37 on the previous day.
Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. It specializes in the ownership of dry bulk vessels. Its fleet consists of approximately 40 dry bulk vessels, including two Newcastlemax, 12 Capesize, three Post-Panamax, three Kamsarmax and 20 Panamax. It specializes in transporting dry bulk cargoes, including commodities, such as iron ore, coal, grain and other materials along shipping routes around the world. The Company wholly owns, directly or indirectly, the subsidiaries, which own the vessels that comprise its fleet. It holds an interest in Diana Containerships Inc., a provider of shipping transportation services through its ownership of containerships, which owns and operates eleven container vessels, including four Post-Panamax and seven Panamax. Its vessels include Danae, Dione, Erato, Leto, Myrto, Boston, Los Angeles and Alcmeme, among others.