Hafnia Limited (NYSE:HAFN) Sees Large Growth in Short Interest

Hafnia Limited (NYSE:HAFN) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,840,000 shares, an increase of 18.5% from the January 15th total of 3,240,000 shares. Based on an average daily volume of 2,860,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.4% of the shares of the stock are short sold.

Hafnia Stock Down 0.3 %

Shares of NYSE HAFN opened at $5.13 on Monday. Hafnia has a one year low of $4.99 and a one year high of $8.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The firm’s 50 day simple moving average is $5.42 and its two-hundred day simple moving average is $6.30. The stock has a market capitalization of $2.60 billion and a P/E ratio of 3.01.

Hafnia (NYSE:HAFN) last issued its quarterly earnings results on Wednesday, November 27th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were issued a $0.379 dividend. This represents a $1.52 annualized dividend and a dividend yield of 29.58%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio is 88.82%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reduced their price target on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WealthCollab LLC bought a new position in shares of Hafnia in the fourth quarter worth approximately $28,000. SJS Investment Consulting Inc. bought a new position in shares of Hafnia in the fourth quarter worth approximately $89,000. Clear Harbor Asset Management LLC bought a new position in shares of Hafnia in the fourth quarter worth approximately $92,000. Wells Fargo & Company MN grew its holdings in shares of Hafnia by 7,756.1% in the fourth quarter. Wells Fargo & Company MN now owns 18,776 shares of the company’s stock worth $105,000 after purchasing an additional 18,537 shares during the last quarter. Finally, Callan Capital LLC bought a new position in shares of Hafnia in the fourth quarter worth approximately $112,000.

Hafnia Company Profile

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.