Hafnia Limited (NYSE:HAFN – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 807,500 shares, a growth of 6.6% from the August 31st total of 757,500 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 728,400 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Investors Weigh In On Hafnia
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Hafnia during the 2nd quarter worth about $107,651,000. Hsbc Holdings PLC acquired a new position in Hafnia during the second quarter valued at approximately $24,514,000. DekaBank Deutsche Girozentrale bought a new position in Hafnia in the second quarter valued at approximately $23,646,000. Skandinaviska Enskilda Banken AB publ bought a new position in Hafnia in the second quarter valued at approximately $4,327,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Hafnia during the 2nd quarter worth approximately $2,421,000.
Hafnia Stock Performance
HAFN stock traded up $0.12 during mid-day trading on Tuesday, hitting $7.28. 1,235,689 shares of the company were exchanged, compared to its average volume of 381,916. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. Hafnia has a 1-year low of $5.66 and a 1-year high of $8.99. The business has a 50 day simple moving average of $7.58. The company has a market cap of $3.69 billion and a price-to-earnings ratio of 4.79.
Hafnia Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.4049 per share. This is a boost from Hafnia’s previous quarterly dividend of $0.34. This represents a $1.62 annualized dividend and a dividend yield of 22.25%. The ex-dividend date of this dividend was Tuesday, September 3rd.
About Hafnia
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.
Read More
- Five stocks we like better than Hafnia
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is a SEC Filing?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Learn Technical Analysis Skills to Master the Stock Market
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Hafnia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hafnia and related companies with MarketBeat.com's FREE daily email newsletter.