Fri Sep 20 07:17:05 UTC 2024: ## DHT Holdings Sees Drop in Short Interest, Institutional Investors Increase Stakes

**Hamilton, Bermuda, September 20, 2024** – DHT Holdings, Inc. (NYSE:DHT), a leading crude oil tanker operator, experienced a decline in short interest during August. As of August 31st, short interest totaled 6.9 million shares, a 6.3% decrease from the previous month. This decline suggests a growing confidence in the company’s future performance among investors.

Simultaneously, several prominent hedge funds and institutional investors boosted their holdings in DHT. Greenlight Capital Inc. increased its stake by 86.7% in the fourth quarter, while Acadian Asset Management LLC and American Century Companies Inc. both raised their positions by 43.8% in the second quarter. LSV Asset Management also increased its stake by 28.8% in the same period. These moves signal a strong belief in DHT’s long-term growth potential.

Analysts are divided in their outlook on DHT. Stifel Nicolaus raised its price target to $13.00 while maintaining a “hold” rating, while StockNews.com downgraded DHT to a “sell” rating. Overall, the stock currently holds an average rating of “hold” with an average price target of $14.67.

DHT reported earnings for the second quarter on August 12th, slightly missing analysts’ estimates with earnings per share of $0.27. The company also declared a quarterly dividend of $0.27, representing a 9.55% dividend yield.

DHT continues to operate a fleet of 24 very large crude carriers and is actively pursuing growth opportunities within the shipping industry.

**Note:** This news article is based on information from the provided text and has been condensed and re-structured for clarity and readability. It does not constitute financial advice.

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