SFL Co. Ltd. (NYSE:SFL) Short Interest Update

SFL Co. Ltd. (NYSE:SFL) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,370,000 shares, a growth of 20.3% from the January 31st total of 1,970,000 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 974,000 shares, the short-interest ratio is currently 2.4 days.

SFL Stock Up 2.0 %

SFL stock opened at $9.05 on Friday. The firm has a 50 day moving average price of $10.18 and a 200-day moving average price of $10.67. The company has a market capitalization of $1.25 billion, a P/E ratio of 8.96 and a beta of 0.67. SFL has a twelve month low of $8.53 and a twelve month high of $14.62. The company has a quick ratio of 0.50, a current ratio of 0.38 and a debt-to-equity ratio of 1.91.

SFL Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 11.94%. The ex-dividend date is Wednesday, March 12th. SFL’s dividend payout ratio is presently 106.93%.

Institutional Trading of SFL

Several institutional investors and hedge funds have recently bought and sold shares of SFL. Jones Financial Companies Lllp raised its position in SFL by 41.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,220 shares of the shipping company’s stock worth $33,000 after purchasing an additional 950 shares during the period. Ellevest Inc. boosted its stake in shares of SFL by 2.6% during the 4th quarter. Ellevest Inc. now owns 45,429 shares of the shipping company’s stock valued at $464,000 after purchasing an additional 1,146 shares in the last quarter. Corebridge Financial Inc. boosted its stake in shares of SFL by 2.0% during the 4th quarter. Corebridge Financial Inc. now owns 64,938 shares of the shipping company’s stock valued at $664,000 after purchasing an additional 1,262 shares in the last quarter. Blue Trust Inc. boosted its stake in SFL by 64.6% during the fourth quarter. Blue Trust Inc. now owns 3,257 shares of the shipping company’s stock worth $33,000 after acquiring an additional 1,278 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in SFL by 3.3% in the third quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company’s stock worth $515,000 after buying an additional 1,418 shares during the last quarter. 28.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SFL has been the topic of a number of recent research reports. StockNews.com lowered shares of SFL from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Fearnley Fonds upgraded shares of SFL from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.