Short Interest in Hafnia Limited (NYSE:HAFN) Declines By 43.8%

Hafnia Limited (NYSE:HAFN) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 1,201,214 shares, a decrease of 43.8% from the June 30th total of 2,138,213 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,430,745 shares, the days-to-cover ratio is currently 0.8 days.

Hafnia Stock Up 1.5%

HAFN traded up $0.12 on Thursday, hitting $7.70. 903,221 shares of the company were exchanged, compared to its average volume of 1,724,134. The firm has a 50-day moving average price of $7.43 and a two-hundred day moving average price of $7.42. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. Hafnia has a twelve month low of $5.17 and a twelve month high of $9.53. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 8.46 and a beta of 0.72.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $688.87 million for the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.

Hafnia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Thursday, June 4th were paid a dividend of $0.2877 per share. The ex-dividend date was Thursday, June 4th. This is a positive change from Hafnia’s previous quarterly dividend of $0.18. This represents a $1.15 dividend on an annualized basis and a dividend yield of 15.0%. Hafnia’s payout ratio is currently 126.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Hafnia during the 1st quarter worth approximately $32,205,000. MHR Fund Management LLC raised its holdings in shares of Hafnia by 7.6% in the 4th quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock valued at $98,587,000 after purchasing an additional 1,309,938 shares in the last quarter. Millennium Management LLC lifted its position in shares of Hafnia by 5,973.8% during the 3rd quarter. Millennium Management LLC now owns 636,900 shares of the company’s stock worth $3,815,000 after purchasing an additional 626,414 shares during the last quarter. Fearnley Asset Management AS purchased a new stake in shares of Hafnia during the 4th quarter worth $3,185,000. Finally, Jane Street Group LLC grew its stake in shares of Hafnia by 241.6% during the first quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after purchasing an additional 576,629 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Pareto Securities lowered shares of Hafnia to a “hold” rating in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About Hafnia

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.