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

Hafnia Limited (NYSE:HAFN) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 807,500 shares, an increase of 6.6% from the August 31st total of 757,500 shares. Based on an average daily trading volume, of 728,400 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are short sold.

Hafnia Stock Performance

Shares of Hafnia stock opened at $7.28 on Wednesday. The company has a 50 day moving average price of $7.56. Hafnia has a 52-week low of $5.66 and a 52-week high of $8.99. The firm has a market cap of $3.69 billion and a price-to-earnings ratio of 4.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Friday, August 23rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. The firm had revenue of $417.36 million for the quarter, compared to analyst estimates of $387.14 million. As a group, equities research analysts predict that Hafnia will post 1.6 EPS for the current year.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.4049 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.62 dividend on an annualized basis and a dividend yield of 22.25%. This is a boost from Hafnia’s previous quarterly dividend of $0.34.

Institutional Investors Weigh In On Hafnia

A number of institutional investors and hedge funds have recently made changes to their positions in HAFN. Mondrian Investment Partners LTD acquired a new position in shares of Hafnia during the 2nd quarter worth approximately $43,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Hafnia during the 2nd quarter worth approximately $60,000. Prudential PLC acquired a new position in shares of Hafnia during the 2nd quarter worth approximately $100,000. TD Asset Management Inc acquired a new position in Hafnia in the 2nd quarter valued at $148,000. Finally, XTX Topco Ltd acquired a new position in Hafnia in the 2nd quarter valued at $183,000.

Hafnia Company Profile

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.