Hafnia Limited (NYSE:HAFN) Short Interest Up 16.0% in February

Hafnia Limited (NYSE:HAFN) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,790,000 shares, a growth of 16.0% from the February 13th total of 4,130,000 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 3,290,000 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their target price on Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, December 17th.

Institutional Investors Weigh In On Hafnia

Several institutional investors and hedge funds have recently modified their holdings of HAFN. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hafnia by 125.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company’s stock valued at $64,223,000 after buying an additional 6,530,482 shares during the period. Marshall Wace LLP raised its holdings in shares of Hafnia by 1,775.4% in the 4th quarter. Marshall Wace LLP now owns 2,124,012 shares of the company’s stock valued at $11,831,000 after buying an additional 2,010,753 shares during the period. Barclays PLC raised its holdings in shares of Hafnia by 60.7% in the 4th quarter. Barclays PLC now owns 4,395,133 shares of the company’s stock valued at $24,481,000 after buying an additional 1,660,627 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Hafnia in the 4th quarter valued at $4,376,000. Finally, Assenagon Asset Management S.A. acquired a new position in Hafnia during the 4th quarter worth $3,123,000.

Hafnia Price Performance

HAFN stock opened at $4.55 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.30 billion and a PE ratio of 2.67. Hafnia has a 12-month low of $3.91 and a 12-month high of $8.99. The business’s fifty day moving average price is $4.99 and its 200 day moving average price is $5.79.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were issued a $0.0294 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 2.59%. Hafnia’s dividend payout ratio is presently 7.28%.

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.