Short Interest in Hafnia Limited (NYSE:HAFN) Declines By 35.4%

Hafnia Limited (NYSE:HAFN) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 3,670,000 shares, a decrease of 35.4% from the March 31st total of 5,680,000 shares. Based on an average daily volume of 2,740,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.4% of the company’s shares are short sold.

Hafnia Trading Up 0.8 %

HAFN opened at $4.68 on Friday. The company has a market capitalization of $2.37 billion and a P/E ratio of 2.75. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Hafnia has a 52 week low of $3.61 and a 52 week high of $8.99. The stock’s fifty day moving average is $4.28 and its two-hundred day moving average is $5.11.

Hafnia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders 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 yield of 2.52%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia’s dividend payout ratio (DPR) is 7.28%.

Hedge Funds Weigh In On Hafnia

A number of large investors have recently bought and sold shares of HAFN. Assenagon Asset Management S.A. purchased a new stake in shares of Hafnia during the fourth quarter valued at about $3,123,000. Virtu Financial LLC bought a new position in shares of Hafnia during the 4th quarter worth approximately $117,000. DGS Capital Management LLC lifted its position in Hafnia by 1,084.9% during the fourth quarter. DGS Capital Management LLC now owns 200,797 shares of the company’s stock valued at $1,118,000 after acquiring an additional 183,850 shares during the last quarter. Amundi purchased a new position in Hafnia in the fourth quarter worth $159,000. Finally, Wellington Management Group LLP acquired a new position in shares of Hafnia during the fourth quarter worth $668,000.

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.