Hafnia Limited (NYSE:HAFN) Short Interest Up 17.6% in November

Hafnia Limited (NYSE:HAFN) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 4,810,000 shares, an increase of 17.6% from the November 15th total of 4,090,000 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 2,070,000 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mondrian Investment Partners LTD bought a new position in Hafnia in the 2nd quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC bought a new position in shares of Hafnia during the second quarter valued at $60,000. Prudential PLC acquired a new position in shares of Hafnia during the second quarter worth $100,000. Infrastructure Capital Advisors LLC acquired a new stake in Hafnia in the third quarter valued at $119,000. Finally, DGS Capital Management LLC acquired a new position in Hafnia during the 3rd quarter worth about $121,000.

Hafnia Price Performance

NYSE:HAFN traded down $0.10 during trading hours on Monday, hitting $5.32. The company’s stock had a trading volume of 927,895 shares, compared to its average volume of 823,080. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The company has a market capitalization of $2.70 billion and a P/E ratio of 3.14. Hafnia has a twelve month low of $5.13 and a twelve month high of $8.99. The stock has a fifty day simple moving average of $5.94 and a 200-day simple moving average of $7.13.

Hafnia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.379 per share. The ex-dividend date is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 28.50%. Hafnia’s payout ratio is presently 88.82%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut their price objective on shares of Hafnia from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

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.