Hawaiian Holdings, Inc. (NASDAQ:HA) Sees Significant Drop in Short Interest

Hawaiian Holdings, Inc. (NASDAQ:HA) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 6,050,000 shares, a decrease of 7.8% from the March 15th total of 6,560,000 shares. Approximately 12.1% of the company’s stock are short sold. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 6.0 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted 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 period. Captrust Financial Advisors increased its position in shares of 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 buying an additional 1,500 shares in the last quarter. ExodusPoint Capital Management LP increased its position in shares of 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 buying an additional 1,520 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of 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 buying an additional 1,585 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Hawaiian by 6.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,890 shares of the transportation company’s stock valued at $247,000 after buying an additional 1,636 shares in the last quarter. 70.15% of the stock is owned by institutional investors and hedge funds.

Hawaiian Stock Performance

Shares of HA stock traded up $0.08 during trading hours on Wednesday, hitting $13.33. The company’s stock had a trading volume of 204,064 shares, compared to its average volume of 993,835. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 16.74. The company has a 50 day moving average of $13.68 and a 200 day moving average of $10.91. Hawaiian has a 12-month low of $3.70 and a 12-month high of $14.89.

Hawaiian (NASDAQ:HA) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share 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 analysts’ expectations of $668.97 million. During the same quarter in the previous year, the business posted ($0.49) EPS. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Equities analysts expect that Hawaiian will post -3.79 earnings per share for the current year.

Hawaiian Company Profile

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.