Hafnia Limited (NYSE:HAFN) Short Interest Update

by · The Cerbat Gem

Hafnia Limited (NYSE:HAFN – Get Free Report) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 2,730,000 shares, a growth of 58.7% from the October 15th total of 1,720,000 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 1,450,000 shares, the short-interest ratio is currently 1.9 days.

Hafnia Stock Down 2.8 %

Shares of NYSE HAFN opened at $5.26 on Friday. Hafnia has a 12-month low of $5.13 and a 12-month high of $8.99. The stock has a market cap of $2.67 billion and a PE ratio of 3.35. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $6.71 and a 200 day moving average of $7.55.

Hafnia (NYSE:HAFN – Get Free Report) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. The company had revenue of $417.36 million during the quarter, compared to analysts’ expectations of $387.14 million. As a group, sell-side analysts predict that Hafnia will post 1.59 EPS for the current fiscal year.

Hafnia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a $0.4049 dividend. This is a boost from Hafnia’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.62 annualized dividend and a dividend yield of 30.79%. Hafnia’s dividend payout ratio is 103.19%.

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their price objective on shares of Hafnia from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday.

Read Our Latest Analysis on Hafnia

Institutional Trading of Hafnia

Several hedge funds have recently made changes to their positions in the company. Mondrian Investment Partners LTD acquired a new position in shares of Hafnia in the 2nd quarter worth approximately $43,000. Allspring Global Investments Holdings LLC purchased a new position in Hafnia during the 2nd quarter worth $60,000. Prudential PLC purchased a new position in Hafnia during the 2nd quarter worth $100,000. Infrastructure Capital Advisors LLC acquired a new stake in shares of Hafnia in the 3rd quarter worth $119,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Hafnia in the 3rd quarter worth $128,000.

About Hafnia

(Get Free Report)

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.

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