Short Interest in Hafnia Limited (NYSE:HAFN) Increases By 6.6%

Hafnia Limited (NYSE:HAFN) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 807,500 shares, a growth of 6.6% from the August 31st total of 757,500 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 728,400 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Hafnia

Hedge funds have recently bought and sold shares of the stock. Mondrian Investment Partners LTD bought a new stake in shares of Hafnia in the second quarter worth about $43,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Hafnia during the 2nd quarter worth approximately $60,000. Prudential PLC bought a new position in shares of Hafnia during the 2nd quarter valued at approximately $100,000. TD Asset Management Inc purchased a new position in shares of Hafnia in the second quarter valued at $148,000. Finally, XTX Topco Ltd bought a new stake in Hafnia in the second quarter worth $183,000.

Hafnia Trading Down 0.7 %

Shares of HAFN traded down $0.05 during trading hours on Monday, reaching $7.16. 903,589 shares of the stock traded hands, compared to its average volume of 377,350. Hafnia has a 52-week low of $5.66 and a 52-week high of $8.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49. The company has a market capitalization of $3.63 billion and a P/E ratio of 4.79. The company’s 50-day simple moving average is $7.59.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Friday, August 23rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. The company had revenue of $417.36 million for the quarter, compared to analysts’ expectations of $387.14 million. On average, research analysts forecast that Hafnia will post 1.6 EPS for the current year.

Hafnia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued a $0.4049 dividend. This is an increase from Hafnia’s previous quarterly dividend of $0.34. This represents a $1.62 dividend on an annualized basis and a yield of 22.62%. The ex-dividend date of this dividend was Tuesday, September 3rd.

Hafnia Company Profile

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.