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

Hafnia Limited (NYSE:HAFN) was the recipient of a large 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. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 2,860,000 shares, the days-to-cover ratio is presently 1.3 days.

Hafnia Trading Down 0.3 %

Shares of NYSE:HAFN traded down $0.02 on Friday, reaching $5.13. 2,809,888 shares of the company traded hands, compared to its average volume of 3,172,570. The stock has a market capitalization of $2.60 billion and a P/E ratio of 3.01. The business’s 50-day simple moving average is $5.42 and its 200 day simple moving average is $6.34. 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 52 week low of $4.99 and a 52 week high of $8.99.

Hafnia (NYSE:HAFN) last issued its quarterly earnings data on Wednesday, November 27th. The company reported $0.42 EPS for the quarter, beating 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 disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were issued a $0.379 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 29.58%. Hafnia’s dividend payout ratio (DPR) is 89.41%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Hafnia

Hedge funds have recently modified their holdings of the business. WealthCollab LLC purchased a new position in Hafnia during the 4th quarter valued at about $28,000. SJS Investment Consulting Inc. bought a new stake in shares of Hafnia in the 4th quarter worth approximately $89,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Hafnia in the 4th quarter worth approximately $92,000. Infrastructure Capital Advisors LLC bought a new position in Hafnia during the 3rd quarter valued at approximately $119,000. Finally, DGS Capital Management LLC purchased a new position in Hafnia during the third quarter valued at $121,000.

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.