25 High Dividend Stocks Being Targeted By Short Sellers

18. Nordic American Tankers Limited (NYSE:NAT)

Short % of Float as of April 15: 6.92%

Dividend Yield as of April 28: 13.39%

Nordic American Tankers Limited (NYSE:NAT) is an international tanker company, headquartered in Bermuda. The company owns, operates, and charters Suezmax tankers. Over the past 12 months, the share price has fallen by over 35%, weighed down by softer demand and the return of charter rates to more typical levels. In the fourth quarter, the company reported earnings per share of just $0.01, and revenue fell short of expectations by $5 million. This performance signals the close of an unusually strong run for tanker operators, as spot Time Charter Equivalent (TCE) rates have dropped significantly from the peaks seen last year, when geopolitical tensions had temporarily boosted demand.

On top of that, concerns are growing over Nordic American Tankers Limited (NYSE:NAT)’s long-term capital strategy, given its declining book value and the slow pace of its fleet modernization. However, the company’s dividend history is encouraging for investors. It has paid regular dividends to shareholders for 110 consecutive years. Currently, its quarterly dividend comes in at $0.06 per share and has an attractive dividend yield of 13.39%, as of April 28. It is among the dividend stocks targeted by short sellers.

At the end of Q4 2024, 9 hedge funds tracked by Insider Monkey held stakes in Nordic American Tankers Limited (NYSE:NAT), up from 8 in the previous quarter. The consolidated value of these stakes is over $22.8 million. Among these hedge funds, Two Sigma Advisors was the company’s leading stakeholder in Q4.