Hallador Energy (NASDAQ:HNRG – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,060,000 shares, a decrease of 7.0% from the October 15th total of 1,140,000 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average trading volume of 281,400 shares, the short-interest ratio is currently 3.8 days.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Hallador Energy by 760.8% during the second quarter. BlackRock Inc. now owns 1,468,279 shares of the energy company’s stock valued at $12,583,000 after purchasing an additional 1,297,703 shares during the period. Invesco Ltd. raised its stake in shares of Hallador Energy by 1,671.4% during the third quarter. Invesco Ltd. now owns 857,655 shares of the energy company’s stock valued at $12,367,000 after purchasing an additional 809,238 shares during the period. State Street Corp raised its stake in shares of Hallador Energy by 312.5% during the second quarter. State Street Corp now owns 379,331 shares of the energy company’s stock valued at $3,251,000 after purchasing an additional 287,364 shares during the period. Geode Capital Management LLC raised its stake in shares of Hallador Energy by 103.2% during the second quarter. Geode Capital Management LLC now owns 482,693 shares of the energy company’s stock valued at $4,137,000 after purchasing an additional 245,098 shares during the period. Finally, Stifel Financial Corp purchased a new stake in shares of Hallador Energy during the first quarter valued at approximately $2,236,000. Hedge funds and other institutional investors own 44.86% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on HNRG shares. StockNews.com cut shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley raised their price target on shares of Hallador Energy from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th.
Hallador Energy Trading Up 1.0 %
Shares of HNRG traded up $0.12 during mid-day trading on Friday, hitting $12.71. The company had a trading volume of 193,096 shares, compared to its average volume of 236,962. Hallador Energy has a 1-year low of $6.87 and a 1-year high of $15.79. The business’s 50-day simple moving average is $13.43 and its 200-day simple moving average is $10.66. The company has a quick ratio of 0.18, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The stock has a market cap of $421.23 million, a PE ratio of 5.45 and a beta of 0.71.
Hallador Energy Company Profile
Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.
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