Hafnia Limited (NYSE:HAFN) Short Interest Up 25.6% in May

Hafnia Limited (NYSE:HAFN - Get Free Report) was the target of a large growth in short interest in 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. Approximately 1.7% of the company's stock are short sold. Based on an average trading volume of 2,360,000 shares, the days-to-cover ratio is presently 1.9 days.

Hafnia Stock Up 2.5%

HAFN traded up $0.13 during trading on Friday, hitting $5.26. The company had a trading volume of 912,681 shares, compared to its average volume of 1,895,052. The company has a market capitalization of $2.67 billion, a PE ratio of 3.09 and a beta of 0.95. Hafnia has a one year low of $3.61 and a one year high of $8.44. The firm's 50-day moving average price is $4.69 and its 200 day moving average price is $4.97. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

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

Hafnia Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th were given a dividend of $0.1015 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 7.59%. Hafnia's dividend payout ratio (DPR) is presently 33.06%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hafnia

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its position in Hafnia by 241.6% during the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company's stock worth $3,392,000 after buying an additional 576,629 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Hafnia by 82.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 431,462 shares of the company's stock worth $1,795,000 after buying an additional 194,751 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hafnia by 62.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,130,888 shares of the company's stock worth $8,738,000 after buying an additional 817,737 shares in the last quarter. PDT Partners LLC lifted its position in Hafnia by 452.6% during the 1st quarter. PDT Partners LLC now owns 466,177 shares of the company's stock worth $1,939,000 after buying an additional 381,822 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its position in Hafnia by 13.0% during the 1st quarter. Graham Capital Management L.P. now owns 214,465 shares of the company's stock worth $892,000 after buying an additional 24,667 shares in the last quarter.

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.