Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,130,000 shares, an increase of 6.7% from the November 30th total of 4,810,000 shares. Based on an average trading volume of 2,310,000 shares, the short-interest ratio is currently 2.2 days. Currently, 1.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Hafnia

Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in Hafnia during the second quarter worth $107,651,000. Hsbc Holdings PLC bought a new position in shares of Hafnia during the 2nd quarter worth about $24,514,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Hafnia during the 2nd quarter valued at about $23,646,000. Barclays PLC increased its stake in Hafnia by 72.7% in the third quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock valued at $19,580,000 after acquiring an additional 1,151,528 shares during the period. Finally, Bank of Montreal Can acquired a new position in Hafnia in the third quarter worth about $3,774,000.

Hafnia Price Performance

NYSE:HAFN opened at $5.57 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. Hafnia has a one year low of $4.99 and a one year high of $8.99. The company has a fifty day moving average price of $5.53 and a 200 day moving average price of $6.87. The stock has a market cap of $2.82 billion and a P/E ratio of 3.28.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were given a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 27.22%. The ex-dividend date was Friday, December 6th. Hafnia’s dividend payout ratio is currently 88.82%.

Analyst Upgrades and Downgrades

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

About Hafnia

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.