Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,522,390 shares, a growth of 41.2% from the February 26th total of 1,786,979 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 3,186,498 shares, the short-interest ratio is currently 0.8 days.

Hafnia Stock Performance

Hafnia stock traded down $0.07 during mid-day trading on Friday, reaching $7.48. The company’s stock had a trading volume of 1,770,749 shares, compared to its average volume of 2,669,754. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40. Hafnia has a twelve month low of $3.61 and a twelve month high of $7.95. The business has a 50 day moving average price of $6.80 and a 200-day moving average price of $6.24. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 11.00 and a beta of 0.63.

Hafnia (NYSE:HAFN) last issued its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Hafnia had a net margin of 35.54% and a return on equity of 14.71%. The company had revenue of $599.88 million for the quarter, compared to analysts’ expectations of $285.64 million.

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 6th were paid a dividend of $0.1762 per share. This represents a $0.70 annualized dividend and a yield of 9.4%. This is a positive change from Hafnia’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. Hafnia’s dividend payout ratio (DPR) is currently 102.94%.

Hedge Funds Weigh In On Hafnia

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Hafnia by 3.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 44,390 shares of the company’s stock worth $240,000 after buying an additional 1,509 shares during the period. Earned Wealth Advisors LLC boosted its holdings in shares of Hafnia by 15.6% during the third quarter. Earned Wealth Advisors LLC now owns 16,917 shares of the company’s stock valued at $101,000 after acquiring an additional 2,286 shares during the period. Vise Technologies Inc. grew its position in shares of Hafnia by 16.4% during the third quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock worth $98,000 after acquiring an additional 2,305 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Hafnia by 7.1% in the 4th quarter. TD Asset Management Inc now owns 37,039 shares of the company’s stock worth $200,000 after acquiring an additional 2,453 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Hafnia by 2.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 128,851 shares of the company’s stock worth $772,000 after acquiring an additional 3,402 shares during the period.

Analysts Set New Price Targets

HAFN has been the topic of several analyst reports. Dnb Carnegie downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. Fearnley Fonds raised shares of Hafnia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Wall Street Zen downgraded shares of Hafnia from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.