Hafnia Limited (NYSE:HAFN) Short Interest Up 58.7% in October

Hafnia Limited (NYSE:HAFN) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,730,000 shares, a growth of 58.7% from the October 15th total of 1,720,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.0% of the company’s stock are sold short.

Hafnia Stock Down 2.8 %

Shares of NYSE:HAFN opened at $5.26 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $6.71 and a two-hundred day moving average of $7.55. The stock has a market cap of $2.67 billion and a P/E ratio of 3.35. Hafnia has a 52-week low of $5.13 and a 52-week high of $8.99.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Friday, August 23rd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. The business had revenue of $417.36 million during the quarter, compared to analysts’ expectations of $387.14 million. On average, research analysts expect that Hafnia will post 1.59 earnings per share for the current year.

Hafnia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.4049 per share. This represents a $1.62 annualized dividend and a dividend yield of 30.79%. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Hafnia’s previous quarterly dividend of $0.34. Hafnia’s dividend payout ratio (DPR) is 103.19%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group dropped their target price on Hafnia from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday.

Institutional Investors Weigh In On Hafnia

Several hedge funds and other institutional investors have recently made changes to their positions in HAFN. Barclays PLC grew its holdings in Hafnia by 72.7% during the third quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock worth $19,580,000 after acquiring an additional 1,151,528 shares during the period. XTX Topco Ltd grew its holdings in Hafnia by 625.6% in the third quarter. XTX Topco Ltd now owns 158,583 shares of the company’s stock valued at $1,135,000 after purchasing an additional 136,727 shares during the last quarter. Jane Street Group LLC grew its holdings in Hafnia by 671.7% in the third quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock valued at $1,833,000 after purchasing an additional 224,070 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Hafnia in the third quarter valued at $262,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Hafnia in the third quarter valued at $128,000.

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.