Hafnia Limited (NYSE:HAFN) Sees Large Increase in Short Interest

Posted by Phillip Gast on Sep 15th, 2024

Hafnia Limited (NYSE:HAFN – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 757,500 shares, a growth of 137.8% from the August 15th total of 318,500 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 646,200 shares, the short-interest ratio is presently 1.2 days.

Hafnia Trading Up 0.8 %

NYSE HAFN opened at $7.30 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $7.66. Hafnia has a one year low of $5.66 and a one year high of $8.99.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a dividend of $0.4049 per share. This is an increase from Hafnia’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.62 dividend on an annualized basis and a yield of 22.19%.

Institutional Investors Weigh In On Hafnia

A number of large investors have recently added to or reduced their stakes in the stock. Mondrian Investment Partners LTD purchased a new position in shares of Hafnia in the 2nd quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new position in Hafnia in the second quarter worth about $60,000. Prudential PLC bought a new stake in shares of Hafnia during the 2nd quarter valued at about $100,000. TD Asset Management Inc bought a new position in shares of Hafnia in the 2nd quarter worth approximately $148,000. Finally, XTX Topco Ltd purchased a new position in shares of Hafnia in the second quarter worth approximately $183,000.

About Hafnia

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Hafnia Limited is a tanker owner, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies as well as trading and utility companies. Hafnia Limited is based in SINGAPORE.