SFL Co. Ltd. (NYSE:SFL) Short Interest Update

SFL Co. Ltd. (NYSE:SFL) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,790,000 shares, an increase of 17.7% from the February 13th total of 2,370,000 shares. Based on an average daily volume of 1,110,000 shares, the short-interest ratio is presently 2.5 days. Currently, 2.8% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research analysts have recently issued reports on SFL shares. Fearnley Fonds upgraded shares of SFL from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com downgraded SFL from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th.

SFL Trading Down 0.6 %

SFL opened at $8.50 on Friday. The company’s 50 day moving average price is $9.81 and its two-hundred day moving average price is $10.45. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 8.41 and a beta of 0.67. SFL has a fifty-two week low of $8.06 and a fifty-two week high of $14.62. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.38 and a quick ratio of 0.50.

SFL Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 12.71%. The ex-dividend date is Wednesday, March 12th. SFL’s dividend payout ratio is currently 106.93%.

Institutional Investors Weigh In On SFL

A number of institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in shares of SFL in the third quarter worth approximately $168,000. Victory Capital Management Inc. lifted its position in shares of SFL by 11.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,511 shares of the shipping company’s stock worth $237,000 after purchasing an additional 2,104 shares during the period. Intech Investment Management LLC acquired a new position in shares of SFL in the 3rd quarter worth approximately $357,000. Nwam LLC bought a new stake in SFL during the third quarter valued at $179,000. Finally, The Manufacturers Life Insurance Company grew its holdings in SFL by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 44,472 shares of the shipping company’s stock worth $515,000 after acquiring an additional 1,418 shares during the period. Institutional investors own 28.59% of the company’s stock.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.