Hafnia Limited (NYSE:HAFN) Short Interest Up 6.7% in December

Hafnia Limited (NYSE:HAFN - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,130,000 shares, a growth of 6.7% from the November 30th total of 4,810,000 shares. Based on an average daily trading volume, of 2,310,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.8% of the company's shares are short sold.

Hafnia Trading Up 2.4 %

Shares of NYSE HAFN traded up $0.13 during trading on Wednesday, reaching $5.57. The company had a trading volume of 1,902,404 shares, compared to its average volume of 885,934. Hafnia has a 12 month low of $4.99 and a 12 month high of $8.99. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.82 billion and a P/E ratio of 3.28. The company's fifty day moving average price is $5.53 and its 200-day moving average price is $6.87.

Hafnia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were given a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a yield of 27.22%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia's dividend payout ratio is presently 88.82%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their price target on shares of Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HAFN. Mondrian Investment Partners LTD bought a new stake in shares of Hafnia during the 2nd quarter valued at about $43,000. Allspring Global Investments Holdings LLC bought a new position in shares of Hafnia during the 2nd quarter worth approximately $60,000. Prudential PLC bought a new position in shares of Hafnia during the 2nd quarter worth approximately $100,000. Infrastructure Capital Advisors LLC acquired a new stake in shares of Hafnia during the 3rd quarter worth approximately $119,000. Finally, DGS Capital Management LLC bought a new stake in shares of Hafnia in the 3rd quarter valued at $121,000.

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.