Hafnia Limited (NYSE:HAFN) Short Interest Up 17.6% in November

Hafnia Limited (NYSE:HAFN - Get Free Report) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 4,810,000 shares, an increase of 17.6% from the November 15th total of 4,090,000 shares. Based on an average daily volume of 2,070,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.7% of the company's stock are sold short.

Institutional Investors Weigh In On Hafnia

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in Hafnia in the second quarter worth approximately $2,421,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Hafnia in the second quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Hafnia in the second quarter worth $528,000. TD Asset Management Inc purchased a new stake in Hafnia during the second quarter valued at $148,000. Finally, Acadian Asset Management LLC purchased a new position in Hafnia in the second quarter worth about $107,651,000.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price objective on shares of Hafnia from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, November 14th.

Hafnia Stock Down 3.0 %

HAFN stock traded down $0.17 during midday trading on Monday, hitting $5.26. The company's stock had a trading volume of 2,009,761 shares, compared to its average volume of 827,801. The firm's 50-day moving average is $5.94 and its 200-day moving average is $7.13. 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 has a 12 month low of $5.13 and a 12 month high of $8.99. The company has a market cap of $2.66 billion and a PE ratio of 3.14.

Hafnia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 6th will be given a dividend of $0.379 per share. The ex-dividend date is Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 28.85%. Hafnia's dividend payout ratio (DPR) is presently 88.82%.

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.