Hafnia Limited (NYSE:HAFN) Short Interest Update

by · The Cerbat Gem

Hafnia Limited (NYSE:HAFN – Get Free Report) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 4,790,000 shares, an increase of 16.0% from the February 13th total of 4,130,000 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 3,290,000 shares, the days-to-cover ratio is currently 1.5 days.

Hafnia Price Performance

Shares of NYSE:HAFN traded up $0.14 on Wednesday, reaching $4.57. 2,178,146 shares of the company were exchanged, compared to its average volume of 1,634,171. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. Hafnia has a 1-year low of $3.91 and a 1-year high of $8.99. The firm has a market cap of $2.31 billion and a price-to-earnings ratio of 2.69. The company has a 50-day moving average of $5.03 and a 200-day moving average of $5.81.

Hafnia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were paid a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.58%. Hafnia’s dividend payout ratio (DPR) is presently 7.28%.

Analysts Set New Price Targets

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

Check Out Our Latest Report on HAFN

Hedge Funds Weigh In On Hafnia

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bernard Wealth Management Corp. acquired a new position in shares of Hafnia during the 4th quarter worth $58,000. Public Employees Retirement System of Ohio acquired a new position in shares of Hafnia during the 4th quarter worth $4,376,000. Vise Technologies Inc. acquired a new position in shares of Hafnia during the 4th quarter worth $71,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hafnia by 36.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 236,711 shares of the company’s stock worth $1,318,000 after purchasing an additional 62,701 shares during the period. Finally, USS Investment Management Ltd acquired a new position in shares of Hafnia during the 4th quarter worth $399,000.

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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