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

Hafnia Limited (NYSE:HAFN) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,840,000 shares, an increase of 18.5% from the January 15th total of 3,240,000 shares. Based on an average daily trading volume, of 2,860,000 shares, the short-interest ratio is currently 1.3 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Hafnia

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its stake in shares of Hafnia by 10.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company’s stock valued at $21,350,000 after acquiring an additional 290,000 shares during the period. Mirabella Financial Services LLP purchased a new stake in shares of Hafnia in the 3rd quarter valued at approximately $3,175,000. Bank of Montreal Can purchased a new stake in shares of Hafnia in the 3rd quarter valued at approximately $3,774,000. Jane Street Group LLC raised its stake in shares of Hafnia by 671.7% in the 3rd quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock valued at $1,833,000 after acquiring an additional 224,070 shares during the period. Finally, Glenorchy Capital Ltd purchased a new stake in shares of Hafnia in the 3rd quarter valued at approximately $726,000.

Analyst Ratings Changes

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

Hafnia Price Performance

Shares of HAFN stock opened at $5.13 on Monday. 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 firm’s 50-day moving average is $5.42 and its two-hundred day moving average is $6.30. Hafnia has a 12 month low of $4.99 and a 12 month high of $8.99. The company has a market capitalization of $2.60 billion and a PE ratio of 3.01.

Hafnia (NYSE:HAFN) last issued its earnings results on Wednesday, November 27th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were paid a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a yield of 29.58%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio (DPR) is presently 88.82%.

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.