Short Interest in Hafnia Limited (NYSE:HAFN) Decreases By 43.8%

Hafnia Limited (NYSE:HAFN) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,201,214 shares, a drop of 43.8% from the June 30th total of 2,138,213 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,430,745 shares, the days-to-cover ratio is currently 0.8 days.

Hafnia Price Performance

Shares of HAFN stock traded down $0.01 during trading hours on Friday, reaching $7.68. 893,915 shares of the company were exchanged, compared to its average volume of 1,051,930. Hafnia has a fifty-two week low of $5.17 and a fifty-two week high of $9.53. The stock’s fifty day moving average is $7.41 and its two-hundred day moving average is $7.42. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 8.45 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.48.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Friday, May 15th. The company reported $0.36 EPS for the quarter. Hafnia had a net margin of 44.74% and a return on equity of 19.20%. The business had revenue of $688.87 million for the quarter.

Hafnia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were given a $0.2877 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 15.0%. The ex-dividend date was Thursday, June 4th. This is a positive change from Hafnia’s previous quarterly dividend of $0.18. Hafnia’s dividend payout ratio is 126.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HAFN shares. Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. Pareto Securities cut shares of Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Hafnia from a “buy” rating to a “strong-buy” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Hafnia

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Hafnia by 92.1% in the third quarter. JPMorgan Chase & Co. now owns 448,644 shares of the company’s stock valued at $2,687,000 after acquiring an additional 215,112 shares during the last quarter. Cercano Management LLC bought a new stake in Hafnia during the 4th quarter worth about $1,426,000. Marnell Management LLC bought a new stake in Hafnia during the 4th quarter worth about $2,155,000. Vanguard Group Inc. lifted its position in Hafnia by 0.6% during 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 period. Finally, MHR Fund Management LLC lifted its position in Hafnia by 7.6% during the 4th quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock valued at $98,587,000 after purchasing an additional 1,309,938 shares during the period.

About Hafnia

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.