Hafnia Limited (NYSE:HAFN) Sees Large Decline in Short Interest

Hafnia Limited (NYSE:HAFN) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,028,580 shares, a decrease of 26.8% from the December 31st total of 2,771,933 shares. Based on an average trading volume of 1,521,922 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 1,521,922 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Hafnia

Large investors have recently made changes to their positions in the stock. MHR Fund Management LLC raised its position in Hafnia by 24.0% in the 3rd quarter. MHR Fund Management LLC now owns 17,186,714 shares of the company’s stock valued at $102,948,000 after purchasing an additional 3,321,182 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hafnia by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 10,928,233 shares of the company’s stock valued at $58,870,000 after purchasing an additional 69,992 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Hafnia by 0.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 10,742,756 shares of the company’s stock valued at $64,522,000 after purchasing an additional 54,905 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Hafnia by 2,389.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock valued at $4,130,000 after purchasing an additional 794,334 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Hafnia by 241.6% during the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after purchasing an additional 576,629 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on HAFN. Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hafnia has an average rating of “Buy”.

Hafnia Trading Up 1.9%

Shares of HAFN stock traded up $0.12 during trading on Tuesday, hitting $6.21. 1,261,342 shares of the stock traded hands, compared to its average volume of 1,283,247. Hafnia has a 52-week low of $3.61 and a 52-week high of $6.64. The firm has a market capitalization of $3.14 billion, a P/E ratio of 10.17 and a beta of 1.04. The firm’s fifty day moving average price is $5.69 and its 200-day moving average price is $5.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.38.

Hafnia (NYSE:HAFN) last posted its earnings results on Monday, December 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Hafnia had a return on equity of 13.50% and a net margin of 29.50%.The company had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $256.84 million.

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a yield of 9.5%. This is a boost from Hafnia’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, December 9th. Hafnia’s payout ratio is 95.08%.

Hafnia Company Profile

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.