Hafnia Limited (NYSE:HAFN) Short Interest Down 26.8% in January
by Scott Moore · The Cerbat GemHafnia Limited (NYSE:HAFN – Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 2,028,580 shares, a drop of 26.8% from the December 31st total of 2,771,933 shares. Based on an average trading volume of 1,521,922 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 1,521,922 shares, the short-interest ratio is presently 1.3 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in HAFN. SBI Securities Co. Ltd. lifted its position in shares of Hafnia by 53.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock valued at $26,000 after acquiring an additional 1,796 shares during the period. Sierra Capital LLC purchased a new position in Hafnia in the second quarter valued at approximately $50,000. GC Wealth Management RIA LLC bought a new position in Hafnia in the 4th quarter worth approximately $53,000. J.W. Cole Advisors Inc. purchased a new position in Hafnia during the second quarter valued at approximately $55,000. Finally, State of Wyoming purchased a new position in Hafnia during the second quarter worth about $57,000.
Analyst Ratings Changes
HAFN has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a report on Wednesday, December 24th. Fearnley Fonds raised Hafnia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.
Check Out Our Latest Report on HAFN
Hafnia Stock Performance
Shares of NYSE:HAFN traded up $0.05 on Friday, hitting $6.14. The company had a trading volume of 1,015,207 shares, compared to its average volume of 1,253,496. Hafnia has a 1-year low of $3.61 and a 1-year high of $6.64. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 10.07 and a beta of 1.01. The stock has a 50 day moving average price of $5.69 and a 200 day moving average price of $5.88. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29.
Hafnia (NYSE:HAFN – Get Free Report) last released its quarterly earnings results on Monday, December 1st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $247.00 million during the quarter, compared to the consensus estimate of $256.84 million. Hafnia had a net margin of 29.50% and a return on equity of 13.50%.
Hafnia Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 9th were paid a $0.147 dividend. This is a positive change from Hafnia’s previous quarterly dividend of $0.12. This represents a $0.59 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend was Tuesday, December 9th. Hafnia’s payout ratio is presently 96.72%.
Hafnia Company Profile
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.