Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,870,650 shares, a drop of 48.1% from the April 30th total of 3,601,587 shares. Based on an average trading volume of 1,219,927 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the shares of the stock are short sold.

Analyst Ratings Changes

HAFN has been the topic of a number of research analyst reports. Pareto Securities lowered shares of Hafnia to a “hold” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Hafnia from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. Finally, Dnb Carnegie lowered shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Insider Buying and Selling

In related news, CEO Mikael Opstun Skov sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $8.11, for a total transaction of $4,055,000.00. Following the transaction, the chief executive officer owned 1,130,978 shares in the company, valued at $9,172,231.58. This trade represents a 30.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $8.22, for a total transaction of $739,800.00. Following the transaction, the chief financial officer owned 91,994 shares in the company, valued at $756,190.68. This represents a 49.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,090,000 shares of company stock worth $8,854,800 in the last quarter.

Hedge Funds Weigh In On Hafnia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Hafnia in the 4th quarter worth approximately $36,000. Royal Bank of Canada boosted its stake in Hafnia by 504.8% in the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock worth $38,000 after purchasing an additional 5,997 shares during the period. Smartleaf Asset Management LLC acquired a new position in Hafnia in the 4th quarter worth approximately $47,000. Blue Trust Inc. acquired a new position in Hafnia in the 1st quarter worth approximately $48,000. Finally, GC Wealth Management RIA LLC acquired a new position in Hafnia in the 4th quarter worth approximately $53,000.

Hafnia Price Performance

NYSE:HAFN traded up $0.12 during trading hours on Monday, reaching $7.77. 2,032,101 shares of the company’s stock were exchanged, compared to its average volume of 1,748,171. The company has a market capitalization of $3.98 billion, a P/E ratio of 8.54 and a beta of 0.64. Hafnia has a 12 month low of $4.90 and a 12 month high of $9.53. The company has a quick ratio of 1.48, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The business’s 50-day simple moving average is $8.26 and its two-hundred day simple moving average is $6.94.

Hafnia (NYSE:HAFN) last issued its earnings results on Wednesday, May 27th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $688.87 million during the quarter, compared to analysts’ expectations of $298.65 million. Hafnia had a net margin of 44.74% and a return on equity of 19.20%.

Hafnia Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Thursday, June 4th will be issued a dividend of $0.2877 per share. The ex-dividend date is 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 yield of 14.8%. Hafnia’s payout ratio is 76.92%.

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.