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

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

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their price objective on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a report on Tuesday, December 17th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Hafnia by 11.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company’s stock valued at $178,000 after buying an additional 3,387 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Hafnia by 0.6% in the 4th quarter. Swiss National Bank now owns 555,852 shares of the company’s stock valued at $2,975,000 after buying an additional 3,578 shares in the last quarter. WealthCollab LLC acquired a new position in shares of Hafnia in the 4th quarter valued at $28,000. Sigma Planning Corp boosted its holdings in shares of Hafnia by 30.8% in the 4th quarter. Sigma Planning Corp now owns 36,950 shares of the company’s stock valued at $206,000 after buying an additional 8,700 shares in the last quarter. Finally, U S Global Investors Inc. raised its position in Hafnia by 20.7% in the 4th quarter. U S Global Investors Inc. now owns 56,508 shares of the company’s stock valued at $300,000 after purchasing an additional 9,703 shares during the last quarter.

Hafnia Trading Down 0.3 %

NYSE HAFN opened at $5.13 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Hafnia has a 52 week low of $4.99 and a 52 week high of $8.99. The stock has a market capitalization of $2.60 billion and a PE ratio of 3.01. The firm has a 50 day moving average of $5.42 and a two-hundred day moving average of $6.30.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Wednesday, November 27th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were issued a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a yield of 29.58%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio (DPR) is presently 88.82%.

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.