Hafnia Limited (NYSE:HAFN - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,840,000 shares, a growth of 18.5% from the January 15th total of 3,240,000 shares. Based on an average trading volume of 2,860,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.4% of the shares of the company are short sold.
Analyst Ratings Changes
Separately, Jefferies Financial Group reduced their target price on shares of Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, December 17th.
Read Our Latest Stock Report on HAFN
Hafnia Stock Performance
Shares of HAFN stock traded down $0.08 during trading on Wednesday, reaching $5.10. 2,108,239 shares of the company's stock traded hands, compared to its average volume of 2,913,363. The company has a market capitalization of $2.58 billion and a P/E ratio of 3.00. 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 firm's 50-day moving average is $5.41 and its 200 day moving average is $6.26. Hafnia has a 1 year low of $4.99 and a 1 year high of $8.99.
Hafnia (NYSE:HAFN - Get Free Report) last announced its quarterly earnings results on Wednesday, November 27th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.
Hafnia Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were paid a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 29.75%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia's payout ratio is currently 89.41%.
Institutional Trading of Hafnia
A number of institutional investors have recently modified their holdings of the business. WealthCollab LLC purchased a new stake in Hafnia in the 4th quarter worth approximately $28,000. Vise Technologies Inc. purchased a new stake in Hafnia in the 4th quarter worth approximately $71,000. SJS Investment Consulting Inc. purchased a new stake in Hafnia in the 4th quarter worth approximately $89,000. Clear Harbor Asset Management LLC purchased a new stake in Hafnia in the 4th quarter worth approximately $92,000. Finally, Wells Fargo & Company MN lifted its stake in Hafnia by 7,756.1% in the 4th quarter. Wells Fargo & Company MN now owns 18,776 shares of the company's stock worth $105,000 after purchasing an additional 18,537 shares in the last quarter.
Hafnia Company Profile
(
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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.
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