Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 807,500 shares, an increase of 6.6% from the August 31st total of 757,500 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 728,400 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On Hafnia

Several large investors have recently bought and sold shares of HAFN. Acadian Asset Management LLC bought a new position in shares of Hafnia during the second quarter worth about $107,651,000. Hsbc Holdings PLC bought a new position in shares of Hafnia during the second quarter worth about $24,514,000. DekaBank Deutsche Girozentrale acquired a new stake in Hafnia during the second quarter worth approximately $23,646,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Hafnia in the second quarter worth approximately $4,327,000. Finally, Bank of New York Mellon Corp acquired a new position in Hafnia in the second quarter valued at approximately $2,421,000.

Hafnia Stock Up 1.7 %

Shares of HAFN stock opened at $7.28 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. Hafnia has a twelve month low of $5.66 and a twelve month high of $8.99. The company has a market cap of $3.69 billion and a P/E ratio of 4.79. The stock’s fifty day simple moving average is $7.56.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. The business had revenue of $417.36 million during the quarter, compared to the consensus estimate of $387.14 million. As a group, equities research analysts anticipate that Hafnia will post 1.6 earnings per share for the current fiscal year.

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a dividend of $0.4049 per share. This is an increase from Hafnia’s previous quarterly dividend of $0.34. This represents a $1.62 annualized dividend and a dividend yield of 22.25%. The ex-dividend date was Tuesday, September 3rd.

About Hafnia

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.