Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 5,790,000 shares, a growth of 20.9% from the February 28th total of 4,790,000 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average trading volume of 3,010,000 shares, the days-to-cover ratio is presently 1.9 days.

Hafnia Stock Down 4.2 %

HAFN stock opened at $4.01 on Thursday. The company has a 50 day moving average of $4.74 and a two-hundred day moving average of $5.59. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Hafnia has a 12-month low of $3.91 and a 12-month high of $8.99. The company has a market cap of $2.03 billion and a price-to-earnings ratio of 2.36.

Hafnia Cuts Dividend

The company 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. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia’s dividend payout ratio (DPR) is presently 7.28%.

Institutional Trading of Hafnia

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Hafnia during the third quarter worth approximately $3,774,000. Jane Street Group LLC boosted its holdings in Hafnia by 671.7% in the 3rd quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock valued at $1,833,000 after purchasing an additional 224,070 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Hafnia during the 4th quarter worth about $3,123,000. DGS Capital Management LLC grew its position in Hafnia by 1,084.9% during the fourth quarter. DGS Capital Management LLC now owns 200,797 shares of the company’s stock worth $1,118,000 after buying an additional 183,850 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in Hafnia by 625.6% in the 3rd quarter. XTX Topco Ltd now owns 158,583 shares of the company’s stock valued at $1,135,000 after acquiring an additional 136,727 shares in the last quarter.

Analyst Ratings Changes

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

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.