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

Hafnia Limited (NYSE:HAFN) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,622,218 shares, a drop of 20.0% from the January 15th total of 2,028,580 shares. Based on an average trading volume of 1,072,824 shares, the short-interest ratio is presently 1.5 days. Based on an average trading volume of 1,072,824 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HAFN shares. Fearnley Fonds raised shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Hafnia has an average rating of “Buy”.

Hafnia Trading Up 2.5%

Shares of NYSE HAFN opened at $6.73 on Friday. Hafnia has a twelve month low of $3.61 and a twelve month high of $6.75. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 11.02 and a beta of 1.01. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $5.77 and its 200-day moving average is $5.94.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Monday, December 1st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $256.84 million. Hafnia had a net margin of 29.50% and a return on equity of 13.50%.

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.147 per share. This is a boost from Hafnia’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, December 9th. This represents a $0.59 annualized dividend and a dividend yield of 8.7%. Hafnia’s dividend payout ratio (DPR) is presently 95.08%.

Institutional Investors Weigh In On Hafnia

A number of hedge funds and other institutional investors have recently made changes to their positions in HAFN. SBI Securities Co. Ltd. increased its holdings in Hafnia by 53.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock worth $26,000 after purchasing an additional 1,796 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Hafnia during the fourth quarter worth about $36,000. Smartleaf Asset Management LLC bought a new stake in Hafnia in the 4th quarter valued at approximately $47,000. Sierra Capital LLC bought a new stake in Hafnia in the 2nd quarter valued at approximately $50,000. Finally, GC Wealth Management RIA LLC acquired a new position in Hafnia during the 4th quarter worth approximately $53,000.

About Hafnia

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.