Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,522,390 shares, a growth of 41.2% from the February 26th total of 1,786,979 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,186,498 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Hafnia

A number of institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Hafnia by 82.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 431,462 shares of the company’s stock valued at $1,795,000 after acquiring an additional 194,751 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Hafnia by 241.6% in the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after purchasing an additional 576,629 shares during the period. JPMorgan Chase & Co. grew its stake in Hafnia by 26.8% during the second quarter. JPMorgan Chase & Co. now owns 233,532 shares of the company’s stock worth $1,165,000 after purchasing an additional 49,409 shares during the period. Legal & General Group Plc grew its stake in Hafnia by 14.5% during the second quarter. Legal & General Group Plc now owns 731,651 shares of the company’s stock worth $3,660,000 after purchasing an additional 92,514 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in Hafnia in the second quarter worth approximately $55,000.

Hafnia Trading Down 0.9%

NYSE HAFN traded down $0.07 during trading hours on Friday, reaching $7.48. The company’s stock had a trading volume of 1,770,749 shares, compared to its average volume of 2,669,754. The firm has a fifty day simple moving average of $6.80 and a 200-day simple moving average of $6.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.40. Hafnia has a 52 week low of $3.61 and a 52 week high of $7.95. The stock has a market cap of $3.83 billion, a P/E ratio of 11.00 and a beta of 0.63.

Hafnia (NYSE:HAFN) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Hafnia had a net margin of 35.54% and a return on equity of 14.71%. The firm had revenue of $599.88 million during the quarter, compared to analysts’ expectations of $285.64 million.

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were issued a dividend of $0.1762 per share. This represents a $0.70 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Friday, March 6th. This is a boost from Hafnia’s previous quarterly dividend of $0.15. Hafnia’s dividend payout ratio (DPR) is presently 102.94%.

Analysts Set New Price Targets

HAFN has been the subject of a number of research reports. Wall Street Zen cut shares of Hafnia from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. Dnb Carnegie lowered shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Hafnia Company Profile

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.