Hafnia Limited (NYSE:HAFN - Get Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 4,790,000 shares, an increase of 16.0% from the February 13th total of 4,130,000 shares. Based on an average daily volume of 3,290,000 shares, the short-interest ratio is presently 1.5 days. Currently, 1.8% of the shares of the stock are sold short.
Institutional Trading of Hafnia
Institutional investors have recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Hafnia during the fourth quarter worth $58,000. Public Employees Retirement System of Ohio purchased a new stake in Hafnia during the 4th quarter valued at about $4,376,000. Vise Technologies Inc. acquired a new stake in Hafnia in the 4th quarter valued at about $71,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Hafnia by 36.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 236,711 shares of the company's stock worth $1,318,000 after purchasing an additional 62,701 shares in the last quarter. Finally, USS Investment Management Ltd purchased a new position in Hafnia in the 4th quarter worth approximately $399,000.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group lowered their price target on Hafnia from $8.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday, December 17th.
Check Out Our Latest Analysis on Hafnia
Hafnia Price Performance
HAFN traded down $0.10 during midday trading on Friday, hitting $4.43. 1,380,701 shares of the company traded hands, compared to its average volume of 1,632,610. The business has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $5.75. Hafnia has a 52-week low of $3.91 and a 52-week high of $8.99. The company has a market capitalization of $2.24 billion and a price-to-earnings ratio of 2.60. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34.
Hafnia Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were issued a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.66%. Hafnia's payout ratio is currently 7.28%.
About Hafnia
(
Get Free Report)
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.
Further Reading
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