Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,730,000 shares, an increase of 58.7% from the October 15th total of 1,720,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is presently 1.9 days. Approximately 1.0% of the shares of the stock are short sold.

Hafnia Stock Performance

Shares of HAFN opened at $5.26 on Friday. 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 stock has a market cap of $2.67 billion and a P/E ratio of 3.35. The company has a 50-day moving average of $6.71 and a two-hundred day moving average of $7.55. Hafnia has a 12-month low of $5.13 and a 12-month high of $8.99.

Hafnia (NYSE:HAFN) 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. The business had revenue of $417.36 million for the quarter, compared to the consensus estimate of $387.14 million. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. As a group, research analysts predict that Hafnia will post 1.59 EPS for the current fiscal year.

Hafnia Increases Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hafnia

Large investors have recently made changes to their positions in the business. Mondrian Investment Partners LTD acquired a new stake in shares of Hafnia in the second quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Hafnia in the second quarter valued at $60,000. Prudential PLC bought a new position in Hafnia during the 2nd quarter valued at $100,000. Infrastructure Capital Advisors LLC bought a new position in Hafnia during the 3rd quarter valued at $119,000. Finally, TD Asset Management Inc bought a new position in shares of Hafnia in the 2nd quarter worth about $148,000.

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.