Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,130,000 shares, a growth of 6.7% from the November 30th total of 4,810,000 shares. Based on an average trading volume of 2,310,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Hafnia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its stake in shares of Hafnia by 10.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company’s stock worth $21,350,000 after acquiring an additional 290,000 shares during the period. Mirabella Financial Services LLP acquired a new stake in Hafnia during the 3rd quarter worth about $3,175,000. Marshall Wace LLP purchased a new position in shares of Hafnia during the 2nd quarter valued at about $1,025,000. Bank of Montreal Can purchased a new position in shares of Hafnia during the 3rd quarter valued at about $3,774,000. Finally, Glenorchy Capital Ltd acquired a new position in shares of Hafnia in the 3rd quarter valued at about $726,000.

Wall Street Analyst Weigh In

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

Hafnia Stock Up 2.4 %

NYSE:HAFN traded up $0.13 during mid-day trading on Wednesday, hitting $5.57. 1,902,404 shares of the company’s stock traded hands, compared to its average volume of 885,934. The company has a fifty day moving average of $5.54 and a 200 day moving average of $6.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. Hafnia has a twelve month low of $4.99 and a twelve month high of $8.99. The company has a market capitalization of $2.82 billion and a P/E ratio of 3.28.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were issued a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 27.22%. 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.