Hawaiian Holdings, Inc. (NASDAQ:HA) Short Interest Up 7.5% in March

Hawaiian Holdings, Inc. (NASDAQ:HAGet Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 6,560,000 shares, an increase of 7.5% from the February 29th total of 6,100,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is presently 5.9 days. Currently, 13.1% of the shares of the company are short sold.

Hawaiian Trading Down 0.1 %

Shares of NASDAQ HA opened at $13.31 on Wednesday. Hawaiian has a fifty-two week low of $3.70 and a fifty-two week high of $14.89. The company has a 50 day simple moving average of $13.90 and a two-hundred day simple moving average of $10.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 16.74.

Hawaiian (NASDAQ:HAGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.35) by ($0.02). Hawaiian had a negative net margin of 9.59% and a negative return on equity of 171.49%. The company had revenue of $669.07 million for the quarter, compared to analyst estimates of $668.97 million. During the same quarter in the previous year, the company posted ($0.49) EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts forecast that Hawaiian will post -3.32 EPS for the current year.

Institutional Investors Weigh In On Hawaiian

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Hawaiian by 0.6% in the first quarter. Rhumbline Advisers now owns 146,222 shares of the transportation company’s stock valued at $2,881,000 after acquiring an additional 943 shares during the last quarter. Captrust Financial Advisors grew its stake in Hawaiian by 70.1% in the first quarter. Captrust Financial Advisors now owns 3,641 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 1,500 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in Hawaiian by 2.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 53,465 shares of the transportation company’s stock valued at $549,000 after purchasing an additional 1,520 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Hawaiian by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 21,654 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Hawaiian by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,890 shares of the transportation company’s stock worth $247,000 after acquiring an additional 1,636 shares during the period. 70.15% of the stock is currently owned by institutional investors.

Hawaiian Company Profile

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Hawaiian Holdings, Inc, through its subsidiary, Hawaiian Airlines, Inc, engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Ontario, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts.

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