Short Interest in Hafnia Limited (NYSE:HAFN) Grows By 20.9%

Hafnia Limited (NYSE:HAFN - Get Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 5,790,000 shares, a growth of 20.9% from the February 28th total of 4,790,000 shares. Based on an average daily trading volume, of 3,010,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.2% of the shares of the stock are short sold.

Hafnia Price Performance

NYSE HAFN traded up $0.30 on Monday, reaching $3.95. The company's stock had a trading volume of 2,969,933 shares, compared to its average volume of 3,025,748. The firm's 50 day moving average is $4.69 and its two-hundred day moving average is $5.53. The stock has a market cap of $2.00 billion and a PE ratio of 2.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. Hafnia has a twelve month low of $3.61 and a twelve month high of $8.99.

Hafnia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were given a dividend of $0.0294 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's dividend payout ratio (DPR) is presently 7.28%.

Analysts Set New Price Targets

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

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Hedge Funds Weigh In On Hafnia

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WealthCollab LLC purchased a new position in shares of Hafnia in the fourth quarter worth approximately $28,000. Bernard Wealth Management Corp. acquired a new stake in shares of Hafnia in the fourth quarter worth $58,000. Vise Technologies Inc. purchased a new position in shares of Hafnia during the fourth quarter valued at $71,000. SJS Investment Consulting Inc. purchased a new stake in shares of Hafnia in the fourth quarter worth approximately $89,000. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Hafnia in the fourth quarter worth $92,000.

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.