Short Interest in SFL Co. Ltd. (NYSE:SFL) Increases By 17.7%

SFL Co. Ltd. (NYSE:SFL - Get Free Report) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,790,000 shares, an increase of 17.7% from the February 13th total of 2,370,000 shares. Currently, 2.8% of the company's stock are sold short. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of SFL by 239.3% in the 3rd quarter. Barclays PLC now owns 168,908 shares of the shipping company's stock worth $1,954,000 after buying an additional 119,131 shares in the last quarter. Geode Capital Management LLC grew its holdings in SFL by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,441,688 shares of the shipping company's stock worth $16,680,000 after acquiring an additional 66,096 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of SFL in the 4th quarter valued at $809,000. Victory Capital Management Inc. boosted its position in shares of SFL by 2,095.5% in the 4th quarter. Victory Capital Management Inc. now owns 450,311 shares of the shipping company's stock worth $4,602,000 after purchasing an additional 429,800 shares during the last quarter. Finally, Wealthstar Advisors LLC bought a new stake in shares of SFL in the 4th quarter valued at about $569,000. Institutional investors and hedge funds own 28.59% of the company's stock.

SFL Stock Performance

Shares of NYSE SFL traded down $0.35 during trading hours on Friday, hitting $8.15. 2,237,000 shares of the company's stock were exchanged, compared to its average volume of 915,230. The company's 50-day moving average price is $9.75 and its 200-day moving average price is $10.42. SFL has a 1-year low of $8.06 and a 1-year high of $14.62. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.06 and a beta of 0.67. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50.

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SFL Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.08 annualized dividend and a dividend yield of 13.26%. SFL's payout ratio is 106.93%.

Analyst Ratings Changes

Separately, StockNews.com lowered SFL from a "hold" rating to a "sell" rating in a report on Thursday, February 13th.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.