Hafnia Limited (NYSE:HAFN) Short Interest Down 43.8% in July

Hafnia Limited (NYSE:HAFN) was the recipient of a large drop in short interest during 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. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,430,745 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HAFN. Kestra Advisory Services LLC purchased a new position in shares of Hafnia in the fourth quarter valued at approximately $36,000. Royal Bank of Canada increased its stake in Hafnia by 504.8% during the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock worth $38,000 after buying an additional 5,997 shares during the period. Smartleaf Asset Management LLC acquired a new stake in Hafnia during the 4th quarter worth approximately $47,000. Blue Trust Inc. acquired a new stake in Hafnia during the 1st quarter worth approximately $48,000. Finally, GC Wealth Management RIA LLC purchased a new position in Hafnia in the 4th quarter valued at approximately $53,000.

Hafnia Trading Up 0.7%

Shares of HAFN traded up $0.06 during midday trading on Wednesday, hitting $7.59. 741,975 shares of the stock were exchanged, compared to its average volume of 1,727,438. Hafnia has a 52-week low of $5.17 and a 52-week high of $9.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.60. The stock has a fifty day simple moving average of $7.48 and a 200 day simple moving average of $7.39. The firm has a market cap of $3.89 billion, a P/E ratio of 8.35 and a beta of 0.72.

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

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.2877 per share. This represents a $1.15 dividend on an annualized basis and a yield of 15.2%. This is a boost from Hafnia’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, June 4th. Hafnia’s payout ratio is currently 126.37%.

Wall Street Analysts Forecast Growth

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

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.