Hafnia Limited (NYSE:HAFN) Sees Significant Decline in Short Interest

Hafnia Limited (NYSE:HAFN) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,028,580 shares, a decrease of 26.8% from the December 31st total of 2,771,933 shares. Based on an average daily volume of 1,521,922 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 1,521,922 shares, the short-interest ratio is currently 1.3 days.

Hafnia Trading Up 0.8%

HAFN traded up $0.05 on Friday, hitting $6.14. The company had a trading volume of 1,015,207 shares, compared to its average volume of 1,253,496. The firm has a market cap of $3.11 billion, a P/E ratio of 10.07 and a beta of 1.01. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.29. Hafnia has a 1 year low of $3.61 and a 1 year high of $6.64. The company’s fifty day moving average price is $5.69 and its 200 day moving average price is $5.88.

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

Hafnia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 9th were issued a $0.147 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.6%. This is an increase from Hafnia’s previous quarterly dividend of $0.12. Hafnia’s payout ratio is currently 96.72%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HAFN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hafnia in a research report on Wednesday, December 24th. Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Hafnia

Several institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its position in shares of Hafnia by 53.9% in the second quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock worth $26,000 after buying an additional 1,796 shares during the period. Sierra Capital LLC bought a new stake in Hafnia in the second quarter valued at $50,000. GC Wealth Management RIA LLC bought a new position in Hafnia in the 4th quarter worth approximately $53,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Hafnia in the 2nd quarter worth approximately $55,000. Finally, State of Wyoming bought a new stake in Hafnia in the second quarter worth about $57,000.

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.