Short Interest in Hawaiian Holdings, Inc. (NASDAQ:HA) Drops By 7.0%

Hawaiian Holdings, Inc. (NASDAQ:HAGet Free Report) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 4,630,000 shares, a decline of 7.0% from the May 15th total of 4,980,000 shares. Based on an average trading volume of 626,400 shares, the short-interest ratio is presently 7.4 days. Approximately 9.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Susquehanna decreased their price target on shares of Hawaiian from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th.

View Our Latest Stock Report on HA

Hawaiian Stock Performance

Shares of Hawaiian stock traded down $0.10 during trading on Wednesday, reaching $12.75. The company’s stock had a trading volume of 217,676 shares, compared to its average volume of 446,101. Hawaiian has a 52 week low of $3.70 and a 52 week high of $14.89. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 16.74. The business’s 50-day moving average price is $13.14 and its 200-day moving average price is $13.61. The firm has a market cap of $661.09 million, a PE ratio of -2.20 and a beta of 2.38.

Hawaiian (NASDAQ:HAGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($2.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.75) by ($0.02). The business had revenue of $645.57 million during the quarter, compared to analyst estimates of $629.24 million. Hawaiian had a negative net margin of 10.90% and a negative return on equity of 301.69%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.17) earnings per share. Equities analysts forecast that Hawaiian will post -5.4 earnings per share for the current year.

Hedge Funds Weigh In On Hawaiian

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in shares of Hawaiian in the 1st quarter valued at approximately $28,000. Price T Rowe Associates Inc. MD grew its position in Hawaiian by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,730 shares of the transportation company’s stock worth $623,000 after acquiring an additional 2,186 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new position in Hawaiian in the 4th quarter worth about $37,000. Wetzel Investment Advisors Inc. raised its position in Hawaiian by 31.6% in the first quarter. Wetzel Investment Advisors Inc. now owns 12,500 shares of the transportation company’s stock valued at $162,000 after purchasing an additional 3,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Hawaiian by 210.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,487 shares of the transportation company’s stock worth $78,000 after purchasing an additional 3,719 shares during the last quarter. 70.15% of the stock is currently owned by institutional investors and hedge funds.

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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