Short Interest in Hawaiian Holdings, Inc. (NASDAQ:HA) Drops By 7.8%

Hawaiian Holdings, Inc. (NASDAQ:HA - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 6,050,000 shares, a drop of 7.8% from the March 15th total of 6,560,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is presently 6.0 days. Approximately 12.1% of the shares of the company are sold short.

Hawaiian Stock Performance

Shares of HA stock traded down $0.02 during trading hours on Tuesday, reaching $13.25. 247,301 shares of the company traded hands, compared to its average volume of 1,004,872. The firm has a 50-day moving average price of $13.69 and a 200 day moving average price of $10.86. The company has a market cap of $687.01 million, a P/E ratio of -2.64 and a beta of 2.39. Hawaiian has a 12-month low of $3.70 and a 12-month high of $14.89. The company has a debt-to-equity ratio of 16.74, a current ratio of 1.02 and a quick ratio of 1.02.

Hawaiian (NASDAQ:HA - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported ($2.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.35) by ($0.02). Hawaiian had a negative return on equity of 171.49% and a negative net margin of 9.59%. The firm had revenue of $669.07 million during the quarter, compared to the consensus estimate of $668.97 million. During the same period in the previous year, the firm earned ($0.49) EPS. The business's revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hawaiian will post -3.79 earnings per share for the current fiscal year.

Institutional Trading of Hawaiian

A number of large investors have recently added to or reduced their stakes in HA. BlackRock Inc. boosted its holdings in shares of Hawaiian by 1.9% in the 2nd quarter. BlackRock Inc. now owns 9,534,108 shares of the transportation company's stock worth $102,682,000 after purchasing an additional 178,095 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Hawaiian by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,538,996 shares of the transportation company's stock worth $72,838,000 after purchasing an additional 44,393 shares during the period. State Street Corp boosted its holdings in Hawaiian by 7.0% during the 1st quarter. State Street Corp now owns 2,845,245 shares of the transportation company's stock valued at $56,051,000 after acquiring an additional 185,579 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Hawaiian by 13.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,170,999 shares of the transportation company's stock valued at $42,767,000 after acquiring an additional 259,426 shares during the period. Finally, Third Avenue Management LLC boosted its holdings in Hawaiian by 141.0% during the 1st quarter. Third Avenue Management LLC now owns 1,556,133 shares of the transportation company's stock valued at $14,254,000 after acquiring an additional 910,431 shares during the period. Institutional investors own 70.15% of the company's stock.

About Hawaiian

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.

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