Short Interest in Hafnia Limited (NYSE:HAFN) Drops By 20.0%

Hafnia Limited (NYSE:HAFN) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,622,218 shares, a drop of 20.0% from the January 15th total of 2,028,580 shares. Based on an average daily volume of 1,072,824 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 1,072,824 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Hafnia

A number of institutional investors have recently added to or reduced their stakes in HAFN. MHR Fund Management LLC increased its holdings in Hafnia by 24.0% in the 3rd quarter. MHR Fund Management LLC now owns 17,186,714 shares of the company’s stock worth $102,948,000 after acquiring an additional 3,321,182 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Hafnia by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 10,928,233 shares of the company’s stock valued at $58,870,000 after purchasing an additional 69,992 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Hafnia by 0.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 10,742,756 shares of the company’s stock worth $64,522,000 after purchasing an additional 54,905 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Hafnia by 17.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,870,521 shares of the company’s stock worth $20,630,000 after purchasing an additional 571,909 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Hafnia by 2,389.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock worth $4,130,000 after purchasing an additional 794,334 shares during the last quarter.

Analysts Set New Price Targets

HAFN has been the topic of several analyst reports. Fearnley Fonds raised Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Hafnia currently has a consensus rating of “Buy”.

Hafnia Stock Down 0.4%

HAFN traded down $0.03 on Tuesday, reaching $6.70. The stock had a trading volume of 621,076 shares, compared to its average volume of 1,060,547. The business’s 50-day moving average price is $5.81 and its two-hundred day moving average price is $5.96. Hafnia has a 12-month low of $3.61 and a 12-month high of $6.75. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.29.

Hafnia (NYSE:HAFN) last posted its earnings results on Monday, December 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Hafnia had a net margin of 29.50% and a return on equity of 13.50%. The business had revenue of $247.00 million for the quarter, compared to analyst estimates of $256.84 million.

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 9th were given a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.8%. This is a boost from Hafnia’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, December 9th. Hafnia’s dividend payout ratio (DPR) is presently 96.72%.

About Hafnia

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.