Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,390,000 shares, a decrease of 27.9% from the August 15th total of 4,700,000 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 2.6 days. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds lowered shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.50.

Hedge Funds Weigh In On Hafnia

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its position in Hafnia by 53.9% during the second quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock worth $26,000 after acquiring an additional 1,796 shares during the period. Naviter Wealth LLC bought a new position in Hafnia during the first quarter worth $42,000. Sierra Capital LLC bought a new position in Hafnia during the second quarter worth $50,000. Bernard Wealth Management Corp. bought a new position in Hafnia during the fourth quarter worth $58,000. Finally, J.W. Cole Advisors Inc. bought a new position in Hafnia during the second quarter worth $55,000.

Hafnia Trading Up 3.8%

NYSE:HAFN opened at $6.30 on Tuesday. Hafnia has a 12 month low of $3.61 and a 12 month high of $7.84. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 7.41 and a beta of 0.92. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $5.68 and its 200-day moving average is $5.07.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Hafnia had a net margin of 37.26% and a return on equity of 18.74%. The company had revenue of $346.56 million for the quarter, compared to analyst estimates of $249.42 million.

Hafnia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Thursday, September 4th were given a dividend of $0.121 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.48 dividend on an annualized basis and a yield of 7.7%. Hafnia’s payout ratio is 56.47%.

Hafnia Company Profile

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.