Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,790,000 shares, a growth of 16.0% from the February 13th total of 4,130,000 shares. Based on an average daily volume of 3,290,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Hafnia

Several institutional investors and hedge funds have recently bought and sold shares of HAFN. Arrowstreet Capital Limited Partnership raised its position in Hafnia by 125.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company’s stock valued at $64,223,000 after purchasing an additional 6,530,482 shares during the last quarter. Marshall Wace LLP raised its position in Hafnia by 1,775.4% in the 4th quarter. Marshall Wace LLP now owns 2,124,012 shares of the company’s stock valued at $11,831,000 after purchasing an additional 2,010,753 shares during the last quarter. Barclays PLC raised its position in Hafnia by 60.7% in the 4th quarter. Barclays PLC now owns 4,395,133 shares of the company’s stock valued at $24,481,000 after purchasing an additional 1,660,627 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Hafnia in the 4th quarter valued at $4,376,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Hafnia in the 4th quarter valued at $3,123,000.

Hafnia Stock Up 3.0 %

Shares of Hafnia stock traded up $0.14 during trading hours on Wednesday, hitting $4.57. The company had a trading volume of 2,178,146 shares, compared to its average volume of 1,634,171. The company’s 50-day moving average is $5.03 and its two-hundred day moving average is $5.81. Hafnia has a twelve month low of $3.91 and a twelve month high of $8.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The company has a market cap of $2.31 billion and a P/E ratio of 2.69.

Hafnia Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were given a $0.0294 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.12 annualized dividend and a yield of 2.58%. Hafnia’s dividend payout ratio (DPR) is 7.28%.

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.