Hafnia Limited (NYSE:HAFN) Short Interest Update

Hafnia Limited (NYSE:HAFN - Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 4,420,000 shares, a growth of 25.6% from the April 30th total of 3,520,000 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,360,000 shares, the short-interest ratio is presently 1.9 days.

Hafnia Trading Up 1.5%

Shares of HAFN stock traded up $0.08 on Thursday, reaching $5.13. 1,244,615 shares of the company's stock were exchanged, compared to its average volume of 1,886,136. Hafnia has a 52 week low of $3.61 and a 52 week high of $8.50. 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 stock has a market capitalization of $2.60 billion, a PE ratio of 3.01 and a beta of 0.95. The company's fifty day simple moving average is $4.65 and its 200 day simple moving average is $4.98.

Hafnia (NYSE:HAFN - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Hafnia had a return on equity of 36.90% and a net margin of 53.44%. The business had revenue of $340.34 million during the quarter, compared to the consensus estimate of $250.80 million.

Hafnia Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 26th were issued a dividend of $0.1015 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 7.59%. Hafnia's payout ratio is 33.06%.

Institutional Trading of Hafnia

Institutional investors and hedge funds have recently modified their holdings of the stock. WealthCollab LLC bought a new stake in shares of Hafnia during the fourth quarter valued at approximately $28,000. Naviter Wealth LLC bought a new stake in Hafnia during the 1st quarter valued at $42,000. Bernard Wealth Management Corp. bought a new stake in Hafnia during the 4th quarter valued at $58,000. Avantax Advisory Services Inc. bought a new stake in Hafnia during the 1st quarter valued at $47,000. Finally, Smith Anglin Financial LLC bought a new stake in shares of Hafnia in the first quarter valued at about $52,000.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds upgraded Hafnia to a "strong-buy" rating in a research report on Tuesday, May 6th.

Hafnia Company Profile

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.